Economics – 3/28/14

I.  Bellwork:

A.  Illustrate each of the following by constructing a simple graph:

  1. an increase in quantity supplied
  2. a decrease in supply
  3. an increase in supply
  4. a decrease in quantity supplied

II. Objective

  • Identify  how changes in labor result in changes in output. – Theory of Production
  • provide an accurate summary that makes clear the relationships among the key details and ideas.

III. Online Quiz iLearn Section 5-1– Up until 6:00 pm Today

IV.  Notebook/Discussion

  • ·         Process Map – Stages of the Production Function
  • ·         Figure 5.5 Graphs in Motion EPP_p128

V.  Classwork

A. 5-2 Guided Reading

B.  Page 130 2-4


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