I.  Bellwork A.  Summarize the article below https://www.nytimes.com/2018/06/22/well/diabetes-patients-at-risk-from-rising-insulin-prices.html B.   Explain why is this happening, what are the options for the consumers and how they are impacted . How does this relate to elasticity/inelasticity.? II.  Objectives: Determine the central ideas and summarize concepts by paraphrasing them in relation to elasticity Analyze, interpret and construct economic models […]

I.  Bellwork Article:  How do retailers use elasticity to increase sales? Questions & Answers Do fake discounts increase quantity demanded like actual price decreases? Should such fake sales be illegal? II.  Objectives Interpret and construct graphs demonstrating elastic and inelastic demand explaining their differences Determine the various type of elasticities and their formuals Calculate and […]

I. Objectives Analyze, and interpret changes in demand, quantity demand, supply, quantity supply and their determinants. Create economic models (graphs) based upon various economic information Analyze the impact of price controls and quotas on the market, II.  Homework Income Effects, Substitution Effects, and Elasticity – Read Pages 458-466 III.  Unit 2 Test

I.  Bellwork A.  Create a graph for housing at equilibrium.  Show graphically what would happen if the government instituted a price ceiling.  Explain the impact on Price, Qd, and Qs.. B.   Create a graph for milk at equilibrium.  Show graphically what would happen if the government instituted a price floor.  Explain the impact on […]

I.  Bellwork: Equilibrium Chg Practice – AP Classroom II.  Objectives Describe how quantity controls create problems and can make a market inefficient Explain who benefits and who loses from quantity controls Interpret  and communicate the impact of quotas through analysis and construction of economic models. III.  Turn in Homework IV.  Discussion:  ILearn PPT Module 9 […]

I.  Bellwork Questions & Answers America now has 1.2 billion pounds of excess cheese — and nowhere to put it Why is there a surplus of cheese? What has prevented prices from falling? II  Objective Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence. Integrate and evaluate multiple […]

I.  Bellwork: A.   Illustrate each of the following by constructing a simple supply curve graph with arrows: an increase in quantity supplied a decrease in supply an increase in supply a decrease in quantity supplied II.  Objective Analyze how prices change through the interaction of buyers and sellers in a market including the role […]

I.  Bellwork A.  Summarize the article below (4-6 sentences) . https://www.yahoo.com/finance/news/trump-tariffs-might-kill-startup-162209257.html B.  Draw a supply graph illustrating what is happening.  Explain it underneath the graph 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 […]

I. Bellwork Oil Supply Summarize what occurred and the results. II Objectives Define Supply; identify changes in quantity supplied and factors that cause a change in supply. Determine the meaning of words and phrases as they are used in a text. Analyze, interpret, and construct economic modules related to supply III.  Discussion:  Supply IV  Notebook […]

I.   Bellwork –  Build a Bear Promotion Summarize what occurred and why. Explain in terms related to demand if this result should have been expected.  II. Objective Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence. Explain the difference between a change in demand and a change […]