Economics – 5/16/2016

I.  Bellwork Q&A

• List and explain in detail 2 situations which would cause the supply curve to shift to the left.
• List and explain in detail 2 situations which would cause the supply curve to shift to the right.

II.  Objective

• Utilize supply schedules to express supply graphically and analyze how the Law of Supply is represented.
• Create and identify circumstances which lead to a change in quantity supply and a change in supply.

• Construct a reference book explaining with examples and graphs the factors causing a change in quantity supply.

III. Retakes Wednesday after school @ 2:30 (Bring 3 summary paragraphs – 1 per section)

IV.  Notebook –

• Supply Elasticity – Flow Map

• Supply Curve Practice

V.  Classwork

A.  Review Supply Chart Interactive

B.  Application_of_Supply

C.  Flip Book – Determinants of Supply

1. List the 8 – Determinants on each page
2. Describe an increase and decrease situation for each determinant (16 pts)
3. Draw a graph illustrating the increase and decrease for each situation (16 pts)
4. Neatness (2), Spelling (2), Colorful (2)

Economics W2016