AP Economics – 12/12/18
I. Bellwork
- Page 697 MC Questions 1-5 Letter and Answer
- Page 698 FRQ #2 a-c
II. Objectives:
- Determine supply and demand in the markets for land and capital
- Find the equilibrium in the land and capital markets
- Explain how the demand for factors leads to the marginal productivity theory of income distribution
III. Module 70 Markets for Land and Capital pages 699-703
A Land and Capital
1. Demand in the Markets for Land and Capital
2. Supply in the Markets for Land and Capital
2. Equilibrium in Land and Capital Markets
B. Marginal Productivity Theory
IV. Notebook
- Copy Fugue 70.1 p.700
- Copy Figure 70.2 p.703
V. Classwork/Homework on iLearn Section 13 Folder
- 70.1 WS
- 70.2 WS
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