Economics – 5/18/2016

I.   Bellwork:

A.   Illustrate each of the following by constructing a simple supply curve graph:

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

II.   Objective

  • Identify how changes in labor result in changes in output. – Theory of Production
  • Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence

III.  Notebook Check for 4th & 6th

IV.  Sec 5.1  iLearn Quiz Today Through Friday @ 12:30 pm

V.  Process Map – Stages of the Production Function

  •      Figure 5.5 Graphs in Motion EPP_p128

VI.  Classwork

VII.  Supply Curve Quiz

 


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