Economics – 11/01/16

I.  Bellwork

  • Page 119 Economic Analysis Q&A
  • Page 125 Economic Analysis Q&A

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.   Problems with a change in Quantity Supplied and a change in Supply

IV.  Discussion: Pages 127-130 Theory of Production

  • Figure 5.5 Graphs in Motion EPP_p128
  • Production Function tennis ball activity

V.  Notebook Work

VI.  Classwork: 

  • Supply Curve Quiz


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