Economics – 10/22/14
I. Bellwork:
A. Illustrate each of the following by constructing a simple supply graph:
- an increase in quantity supplied
- a decrease in supply
- an increase in supply
- 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 Thursday @ 9:30 am
IV. Notebook/Discussion
- · Process Map – Stages of the Production Function
- · Figure 5.5 Graphs in Motion EPP_p128
V. Supply Curve Quiz
VI. Classwork
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