Summer+Assignment+THREE

__Assignment Three (15 points)__ : aka the “Fall Assignment” DUE:  all 3 parts by our first day of class in January

//**Part 1: **//__Purchase a copy of the "textbook" -- Note: this is different than in past years, so you may have to order it online. I am not sure if it is available in all bookstores. You may order it new or used, but don't wait until the last minute to order it. You are required to begin reading before class begins.__

==__**Textbook: AP Achiever Test Prep Book - Economics**__ == __Author: Lisa Ellison__ Either FOURTH EDITION (ISBN# 0078928419 [|__Amazon Link__] .

This is the most complete guide for the course I have seen. It is essentially a complete, condensed textbook, and also includes many practice questions and tips for students. Students are responsible to get a copy this textbook and have it with you on the first day of class.

//**Part 2**//: __Read chapters 1 & 2__  of this textbook and individually take __summary notes__ <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;"> in whatever you plan to use as your notebook (whatever type of notebook works for you - spiral or 3-ring binder). Bring this notebook to class day 1. <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">Everyone takes notes differently, but as a general rule, quality summary notes will:
 * <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">Probably be 2-3 pages handwritten per chapter, depending on your writing style.
 * <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">Follow the structure laid out in the book (use chapter & section headings to separate topics in your notes)
 * <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">Summarize key concepts (not every miniscule detail, focus on the concepts that are most important).
 * <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">Include your questions that arise as you read (perhaps in the margin) – leave space for when you discover the answer.
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 14.6667px; text-decoration: none; vertical-align: baseline;"><span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; vertical-align: baseline;">__Important__ <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">: this assignment is NOT simply a list of vocabulary terms, but rather SUMMARY NOTES. If you are unclear on what this means, contact Mr. Meier right away -- DO NOT wait until class is about to start in January.

<span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">//**Part 3**//: <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; vertical-align: baseline;">__Independent Learning__ <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">: Find out what economists mean when they use the 10 terms listed below. (You may use any resources available to help you UNDERSTAND what economists mean when they use these 10 terms. There is no written component for this part, but know that you will be expected to know and be able to explain these 10 terms in January, perhaps on the first day (possible quiz week one): <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; vertical-align: baseline;">__Terms to Learn:__
 * <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">__Economics__
 * <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">__Microeconomics__
 * <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">__Macroeconomics__
 * <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">__Positive Economics__
 * <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">__Normative Economics__
 * <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">__Law of Increasing Opportunity Costs__
 * <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">__Law of Diminishing Marginal Returns__
 * <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">__Utility__
 * <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">__Incentive__
 * <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">__Market__
 * <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">If all three parts of this assignment are completed well by the first day of class = up to 15/15
 * <span style="background-color: transparent; color: #000000; font-family: Arial Narrow; font-size: 13.3333px; text-decoration: none; vertical-align: baseline;">4 points deducted for each day these summary notes are late.