Economics – 3/26/13

I.  Bellwork:

• List and Explain, using examples, 2 examples why the supply curve would shift to the right.
• List and Explain, using examples, 2 examples why the supply curve would shift to the left.

II. Objective

• Express supply graphically and analyze how the Law of Supply is represented on the supply curve.

• 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.

• Integrate and evaluate multiple sources of information presented in diverse formats and media in order to determine how supply and quantity supply are influenced

III. Notebook Work

• Illustrate a change in quantity supplied and explain what causes it
• Illustrate an increase in supply and explain what causes it
• Illustrate a decrease in supply and explain what causes it

IV. Discussion and Application:   

A.  Application_of_Supply

B.  Individual and market Supply Curves: EPP_p119

V.  Classwork

•  Exercise 1 Supply Curve

VI. Supply Curve Graph Quiz Tomorrow

VII. Online Quiz– iLearn Section 5-1– Up until 11:00 pm Wednesday

• Review Supply Chart Interactive

 

Economics W2013