Economics – 5/16/2016

I.  Bellwork Q&A

  • List and explain in detail 2 situations which would cause the supply curve to shift to the left.
  • List and explain in detail 2 situations which would cause the supply curve to shift to the right.

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.
  • Construct a reference book explaining with examples and graphs the factors causing a change in quantity supply.

III. Retakes Wednesday after school @ 2:30 (Bring 3 summary paragraphs – 1 per section)

IVNotebook –

  • Supply Elasticity – Flow Map

V.  Classwork

A.  Review Supply Chart Interactive

B.  Application_of_Supply

C.  Flip Book – Determinants of Supply

  1. List the 8 – Determinants on each page
  2. Describe an increase and decrease situation for each determinant (16 pts)
  3. Draw a graph illustrating the increase and decrease for each situation (16 pts)
  4. Neatness (2), Spelling (2), Colorful (2)


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