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AP Economics Mrs. Falk Summer Reading Assignment, 2014 Welcome to AP Economics! I hope you’re ready for a challenging, but eye-opening experience, because you are about to discover that economics is unlike any course you’ve ever taken. Economics will change the way you view the world. In preparation for this September, I would like you to read selections from New Ideas from Dead Economists, by Todd Buchholz. If you haven’t already bought it at the PTSA book sale, you’ll probably be able to find it with no difficulty in the local bookstore or library, and it’s available on Amazon.com. New Ideas traces the development of the study of economics, focusing one by one on many of the most influential economic thinkers of the Modern Era. Buchholz’s historical approach makes this a useful bridge between your study of history over the last few years and the study of economics. Please read Chapters 1, 2, 4, 9 and 10. I’ve selected these chapters as the ones that are most in sync with the early part of the AP Econ curriculum. Feel free to read the other chapters if you’re feeling ambitious; you might especially enjoy Chapter 3 on Malthus, Chapter 6 on Marx and/or Chapter 11 on Public Choice Theory. The questions that follow below will guide your reading and help you to process the ideas of some notable economists. Answer the questions that follow and hand them in on the first day of class. You will also take a test during the first week of school on the reading. Please note that a poor grade on the test will invite closer scrutiny of your written response to the study questions. You may not consult with other students, past or present, in answering these questions. Any evidence of cheating will result in a grade of zero for all parties involved. Due date: Tuesday, September 2rd(first day of school) Study questions: 1. In Chapter 1, Buchholz discusses the role of models in

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