March, 2013
Economics – 3/28/13
I. Bellwork Reading Check Page 129 Reading Check Page 130 II. Objective: Examine how changes in labor affect output. – Theory of Production Construct a production function and identify the stages of production Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence. III. Turn in 5-2 Guided Reading […]
Economics – 3/27/13
I. Bellwork: Page 126 Analyzing the Impact 1-2 Q&A What year did ethanol production decrease? –See Graph II. Objective Examine how changes in labor result in changes in output. – Theory of Production III. Notebook Check 4th & 5th hours-Today IV. Supply Curve Quiz V. Classwork A. 5-2 Guided Reading VI. Discussion: Pages 127-130 Theory […]
Economics – 3/26/13
I. Bellwork: List and Explain, using examples, 2 examples why the supply curve would shift to the right. List and Explain, using examples, 2 examples why the supply curve would shift to the left. II. Objective Express supply graphically and analyze how the Law of Supply is represented on the supply curve. Utilize supply schedules […]
Economics – 3/25/13
I. Bellwork Economic Analysis Page 118, 119 & 120 Q&A II. Objective Utilize supply schedules to express supply graphically and analyze how the Law of Supply is represented. Create and identify circumstances which lead to a change in quantity supply and a change in supply. Integrate and evaluate multiple sources of information presented in diverse […]
Economics – 3/22/13
I. Bellwork Q&A A. Pg 117 – Companies in the News 1. What created a shortage of the flu vaccine? 2. How did the market respond to the shortage? 3. What is the current availability of the vaccine? II. Objective Define Supply; identify changes in quantity supplied and factors that cause a change in supply. […]
Economics – 3/21/13
I. Bellwork Marco’s subs sells 400 sub sandwiches a week at a price of $5.00 each. Marco soon raises the price to $5.50 and is able to sell 380 sub sandwiches for the week. A. Determine Marco’s Total Revenue before and after the price change. B. Determine if demand is elastic or inelastic and explain […]
Economics – 3/20/13
I. Bellwork: Page 113 #26 Page 113 Math Practice #29 a & b (Write questions and answers for b) II. Objective: Assess student understanding and application of concepts pertaining to the economic principle of demand. Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence. III. Turn in your […]
Economics – 3/19/13
I. Bellwork Q&A: List the 3 determinants of demand elasticity. Provide 2 examples of an inelastic product/service. (Be specific) II. Objective: Identify and analyze factors that influence demand elasticity. Review and discuss concepts and principles relating to demand. Integrate and evaluate multiple sources of information presented in diverse formats and media) in order to determine […]
Economics – 3/18/13
I. Bellwork: Q&A What is the movement shown in this graph called? List and explain 4 factors that could result in the movement shown in the graph. II. Objective: Identify factors that influence the size of a change in the quantity demanded (elasticity) Integrate and evaluate multiple sources of information presented in diverse formats […]
Economics – 3/15/13
I. Bellwork: Economic Analysis Page 98 & 99 Q&A Interpreting Demand Graph II. Objective: Identify and provide examples of the factors which cause a change in quantity demand and a change in demand Integrate and evaluate multiple sources of information presented in diverse formats and media (e.g., visually, quantitatively, as well as in words) in […]