Economics – 10/28/16

I.  Bellwork: Q&A

• Explain and illustrate with simple graphs how a change in quantity supply is similar to a change is quantity demand.

• Explain and illustrate with simple graphs how a change in supply is similar to a change in demand.

II.  Objective:

• Utilize supply schedules to express supply graphically and analyze how the Law of Supply is represented.
• Analyze and identify circumstances which lead to a change in quantity supply and a change in supply.
• Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence

III.  Turn in Supply Determinant Books

IV.  5.1  iLearn Quiz Today Through Monday @ 6:30 pm

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 (8 pts)
4. Neatness (3), Spelling (2), Colorful (3)

 

Economics F2016