Economics – 11/01/16
I. Bellwork
- Page 119 Economic Analysis Q&A
- Page 125 Economic Analysis Q&A
II. Objective:
- Examine how changes in labor affect output. – Theory of Production
- Construct a production function and identify the stages of production
- Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence.
III. Problems with a change in Quantity Supplied and a change in Supply
IV. Discussion: Pages 127-130 Theory of Production
- Figure 5.5 Graphs in Motion EPP_p128
- Production Function tennis ball activity
V. Notebook Work
- Process Map – Stages of the Production Function
- Production-Function-Practice-First one in notebook
VI. Classwork:
- Supply Curve Quiz
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