Economics – 5/01/17

I.  Bellwork

1. Explain why some people support trade restrictions.
2. Explain why some people support free trade.

1. Bellwork Q&A 1-5

• Chp 4 Primary and Secondary Sources Workbook

II.  Objective:

• Construct and interpret Demand Schedules and Demand Curves
• Provide a conclusion that follows from and reflects upon what the construction and analysis of the .demand curve..

III.  Discussion/Notebook Work:  Constructing Demand Curves

1. Quick Review of Topics
2. Demand Schedule and Curve for Apples
3. Market Demand Curve – Figure 4.2

IV  Classwork

• Demand curve & Market demand Worksheet 1
• Hands On Activities 2 Demand Curve
•  Page 95 2-6 Questions & Answers

V.  Demand Curve Quiz Friday

 

 

 

 

III.  Finishing 16-2 Trade Restrictions Discussion

• What is NAFTA?
• The Truth Behind the WTO?
•  GATT & WTO
• Trade Justice

IV,  Classwork Q&A

A.. Questions

1. What is the WTO, what does it do, and who does it involve? 16-2
2. What is NAFTA, what does it do, and who does it involve? 16-2

B  China is to enforce duties Q&A

1. What are some of the underlying reasons behind the tariff on U.S. chickens?
2. How has the Chinese poultry industry been impacted by U.S. imports?
3. What type of tariffs will the U.S. chicken companies be forced to pay?
4. Why is the U.S. concerned about China’s currency?
5. What do you believe will be the future consequences with trade between with these countries?

C.  P. 454 #2

V.  Chapter 16 iLearn Quiz –Tonight- Wednesday @ 10:30 pm

 

Economics W2017