Economics – 5/15/17
I. Bellwork Q&A
A. Pg 117 – Companies in the News
- What created a shortage of the flu vaccine?
- How did the market respond to the shortage?
- What is the current availability of the vaccine?
II. Objective
- Define Supply; identify changes in quantity supplied and factors that cause a change in supply.
- Construct thinking maps to identify key elements relating to the law of supply, change in quantity supply, and change in supply.
- Determine the meaning of words and phrases as they are used in a text.
III. Notebook work: Pages 117-125
- Law of Supply
- Change in Quantity Supplied
- Create a Tree Map Entitled – Factors Causing a Change in Supply
- Supply Elasticity – Flow Map
IV. Classwork – Turn it in today
- Page 117 Content Vocabulary (10)
- 5-1 Guided Reading
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