I. Bellwork: Q&A A.  Companies in the News Page 103 How has the competition between Netflix and Blockbuster benefited consumers? Explain how Netflix plans to overtake Blockbuster? What might Blockbuster do to remain competitive and attractive to consumers? II.  Objective: Identify factors that influence the size of a change in the quantity demanded (elasticity). III. […]

I. Bellwork: Economic Analysis Page 98 & 99 Q&A Interpreting Demand Graph II.  Objective: Identify and examine factors that cause a change in quantity demand and a change in demand III. Discussion Video:   Episode 12_ Change in Demand vs Change in Quantity Demanded  Critical Thinking 4-2 Chapter 4 Difference between change in quantity demand & […]

I. Bellwork: A.  Page 97 – Companies in the News What changes are McDonald’s making? How do you believe it will impact their business? II. Objective: Identify and examine factors that cause a change in demand III.  Demand Curve Quiz IV.  Classwork: Page 97 Vocabulary (8) 4-2 Guided Reading V. Discuss: 4-2 Factors Affecting Demand […]

I.  Bellwork Economic Analysis Page 92 & 94 Q&A Interpreting Demand Graph II.  Objective: Determine what creates demand and what factors cause demand to change III. Classwork A.   Page 95 2-6 Questions & Answers B.  Economics USA Video – Demand Marginal Utility What happened to California in 1975? What were the residents of Marin County […]

I.  Bellwork Page 31 Analyzing the Issue 1-2 Q&A II.  Objective Construct a persuasive essay III.  Classwork –  Persuasive Essay A.  Topic – Is the minimum wage good or bad for the economy?                         Criteria: Organization & Content Introduction Support Support Counter Argument Conclusion B.  Information: Pages 30-31 minimum wage argument pdf C.  Outline: Persuasive […]

I. Bellwork: Q&A Page 47 1-2 Page 54 1-2 II.  Objective: Examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing. III.   Classwork-Shark Tank Week 2 Episode 3 A.  Q&A  Write down these questions to answer for each entrepreneur and turn them in today.            What is […]

I. Bellwork: Q&A List 3 examples for each government role Protector Provider Regulator Consumer II.  Objectives: Take Chapter 2 Test III.  Page 56 1-8 Letter & Term Only IV.  Chapter 2 Test

I. Bellwork: Q&A Reading Check Page 50, 51, & 52 II.  Objectives: Review Chapter 2: Allocation of goods and services and the role of government. III.  Tomorrow Chapter 2 Test A.  Understand the following Characteristics of the 3 types of Economies Mixed Economy Economic Goals and Examples Impact of Inflation Minimum wage & Trade offs […]

I. Bellwork Q&A: How do laws against false advertising promote economic equity? What can citizens do to influence the economic goals of the country? II.  Objectives: Identify the characteristics of a free enterprise economy and the roles of entrepreneurs, government, and consumers. III.  Discussion Minimum Wage – History &  States Michigan Lemon Law IV.  Classwork […]

I.  Bellwork Identify and explain what the benefits and the drawbacks are if the government provides all citizens with health care. What economic and social goals would this impact? (See your notebook for a listing II.  Objective: Examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing. III. […]