This unit is about the Factor Market which is the market for resources. In this unit we will explore how firms determine their demand for resources, how they determine how many resources to hire and how their position as a seller affects their demand for those resources. We will discuss how a firm goes from being a seller/producer in the product market to being a consumer/buyer in the factor market.
The live video presentation of notes will be uploaded shortly after the conclusion of presentation to your class’s video channel at this link. You will need to use your Office 365 login to access.
- Your class notes can be accessed here.
- Quizlet for this class – use this link to access your quizlet vocabulary for this unit.
Your assignments for this unit are below. It is VERY important you follow the instructions for submitting the FRQ questions as we will be utilizing a new tool for it (see the bottom for instruction on how to access that tool and why we are suddenly switching to it).
Assignments:
- Factor Market Part I Assignment (MC questions) – due by Wednesday, April 1st
- Factor Market Part I FRQ (upload to classroom on Schoology) – due by Thursday, April 2nd
- Complete these on your own paper, take a photo and upload to the Schoology assignment
- Each FRQ is a separate assignment in Schoology
- Factor Market Part II Assignment (MC questions) – due by Friday, April 3rd
- Factor Market Part II FRQ (upload to classroom on Schoology) – due by Saturday, April 4th
- Complete these on your own paper, take a photo and upload to the Schoology assignment
- Each FRQ is a separate assignment in Schoology
In other words, do not upload your FRQ responses to MyAP!!! MyAP asks for some graphs but does not always offer the ability to add a graph or upload a photo so we are using Schoology for everything rather than two platforms.
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