Economics – 3/24/15

I.  Bellwork:

A.  Illustrate each of the following by constructing a simple supply 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. Retake today after school @ 2:30

IV.  Notebook Check

V.  Notebook/Discussion

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

VI.  Supply Curve Quiz

VII.  Classwork


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