Economics – 3/17/11
I. Bellwork:
Economics Chapter 5 – Writing Prompt (Organization & Ideas)
Describe a product with which you are familiar. (1 paragraph)
Select any two of the following determinants that change supply and describe in detail, with examples, how the supply of the product is affected. (1 paragraph each = 2 paragraphs)
- Cost of Resources
- Productivity
- Technology
- Taxes
- Subsidies
- Expectations
- Government Regulation
- Number of Sellers
II. Objective
- Examine how changes in labor result in changes in output. – Theory of Production
III. Supply Curve Quiz
IV. Classwork
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