October, 2019
Economics – 10/14/19
I. Bellwork: On a separate sheet of paper write an MLA heading Write Chapter 4 Exam as the assignment title. II Objectives: Apply concepts and principles to distinguishing between a change in quantity demand and a change in demand while identifying the determinants which impact each. Identify situations where demand is elastic and inelastic applying […]
AP Economics – 10/14/19
I. Bellwork p. 546 Explain the difference between the long run and the short run in economics. Provide examples. II. Objectives: Discuss the importance of the firm’s production function, the relationship between quantity of inputs and quantity of output Explain why production is often subject to diminishing returns to inputs Use data to construct […]
Economics – 10/11/19
I. Bellwork A hot dog vendor sold hot dogs for 2.00 and the quantity sold was 60. The vendor decided to raise the price to 2.50 and sold 40 hot dogs. A. Using the total revenue test determine elasticity. (SHOW YOUR WORK) B. Using the price elasticity of demand formula determine elasticity. (SHOW YOUR WORK) II. […]
AP Economics -10/10/19
I. Bellwork A. Briefly summarize the article below using CER (claim, evidence and reasoning) 3pts https://www.yahoo.com/finance/news/ford-prepares-mass-layoffs-losing-002618564.html B. Explain the tariff’s impact on consumer surplus and producer surplus. 2pts C. Explain how dead weight loss is involved. 1 pt II. Objectives Graph and Calculate the change in consumer surplus, producer surplus, resulting from excise taxes Graph […]
Economics – 10/10/19
I. Bellwork Berry Mart sold Takis for .50 and the quantity sold was 40 bags. BerryMart raised the price to .55 and sold 35 bags. A. Using the total revenue test determine elasticity. (SHOW YOUR WORK) B. Using the price elasticity of demand formula determine elasticity. (SHOW YOUR WORK) II. Objectives Apply tests to determine […]
Accounting – 10/10/19
I. Bellwork: Budget Challenge Pay any bills and record them on your Spreadsheet II. Objectives Analyze, interpret, and record transaction into a General Journal Utilize the proper procedures to record transactions in the general journal Demonstrate the proper application of accounting terminology and concepts Explain the proper technique in correcting errors on a general journal […]
AP Economics – 10/09/19
I. Objectives: Determine the impact of excise taxes on consumer surplus, producer surplus, deadweight loss and tax revenue. Explain the significance of cross price elasticity of and identify criteria that determine demand and supply elasticity. Analyze and interpret economic models in accordance with concepts presented in the text. II. Module 9 Exam A. FRQ on iLearn […]
Economics – 10/09/19
I. Bellwork Page 113 #26 (Draw the graphs & place arrows demonstrating what will happen to each) II. Objective: Review and discuss concepts and principles relating to demand, quantity demand, and elasticity of demand Construct and evaluate various economic models to provide explanations that best accord with economic principles outlined in the text. III. Classwork […]
Accounting – 10/09/19
I. Bellwork: Explain the accounting concept of Objective Evidence and how it relates to source documents. II. Objectives Analyze, interpret, and record various transactions using a general journal. Interpret and analyze financial transactions following a multi-step procedure based on examples outlined in the text. Apply knowledge of accounting concepts and terminology through participation in Kahoot […]
AP Economics – 10/08/19
I. Bellwork: How to calculate deadweight loss A. Questions: Using the graph from the video SHOW YOUR WORK a. What is the quantity of the tax? b. How much of that tax is paid by sellers and how much by consumers? c. What is the change to consumer and producer surplus? Objectives: Analyze, interpret, and […]