Oct 16

AP Economics – 10/17/19

I.  Bellwork

Page 562 Check Understand 1a – Show formulas and work

II. Objectives

  • Describe the various types of cost a firm faces: variable, fixed, and total costs
  • Explain how a firm’s costs generate marginal cost curves and average cost curves
  • Interpret and explain graphic models representing costs

III.  Discussion:  Firm Cost Module 55 – pgs 552-562

A.  Videos:

  1. Costs of Production- Microeconomics 3.3 (Part 1)
  2. Cost Curves- Microeconomics 3.3 (Part 2)
  3. Short-Run Cost Curves (Part 3)- Micro Topic 3.2

IV. Classork

  • 3.2 Cost of Production Practice on iLearn
  • Page 562 MC 1-5 & FRQ #2
Oct 16

Economics – 10/17/19

  I.  Bellwork:

 Illustrate each of the following by constructing a simple supply curve graph: USE ARROWS

  1. an increase in quantity supplied
  2. a decrease in supply
  3. an increase in supply
  4. a decrease in quantity supplied

  II.  Objectives

  • Apply concepts and principles to distinguish between a change in quantity demand and a change in demand while identifying the determinants which impact each.
  • Construct. analyze, and interpret various economic models to solve problems and determine which explanation best accords with textual evidence

III.  Turn in Homework

IV. Classwork

A. Exercise 1 Supply Curve

B. supply_worksheet

V. Supply Curve Quiz on iLearn

Oct 16

Accounting – 10/17/19

 I.  Bellwork

A.  What account numbers are assigned to each classification of account below?

  1. Assets
  2. Liabilities
  3. Revenue
  4. Expenses
  5. Owners Equity

II Objectives

  • Post amounts from a General Journal to ledger accounts following proper accounting procedures
  • Demonstrate how to prove cash
  • Orally explain how to post from a general journal to a ledger

III.  Read and Discuss :  Page 98-107

  • 4-2 Posting from a General Journal to a General Ledger and Proving Cash

  IV.  Notebook

  • Sequence Map – 5 Steps to Posting

V.   Classwork

  • Page 108 4-2  Working Together & On Your Own on MindTap