I.  Bellwork A  Identify what happens (increase/decrease) to Total Product and Marginal Product at each stage (1-3) of the production function                           Total Product                     Marginal Product Stage 1          ——————–                     —————— Stage 2          ——————–                     ——————— Stage 3          ——————– […]

I.  Bellwork: Page 126 Analyzing the Impact 1-2 Q&A What year did ethanol production decrease? –See Graph II. Objective Examine how changes in labor result in changes in output. – Theory of Production III. Notebook Check tomorrow IV.  Supply Curve Quiz V.  Classwork A. 5-2 Guided Reading VI.   Discussion: Pages 127-130 Theory of Production Figure […]

I.  Bellwork: List and Explain, using examples, 2 reasons why the supply curve would shift to the right. List and Explain, using examples, 2 reasons why the supply curve would shift to the left. II. Objective Express supply graphically and analyze how the Law of Supply is represented III. Discussion:    A.  Individual and market Supply […]

I. Bellwork Economic Analysis Page 118, 119 & 120 Q&A II. Objective Utilize supply schedules to express supply graphically and analyze how the Law of Supply is represented. III.  Notebook Work A.  Determinants which change Supply- (Bubble Map) B.  Supply Elasticity and Inelasticity Double Bubble Graph-Demand and Supply Comparison IV.  Classwork A.  Video – Economics […]

I. Bellwork Q&A A.  Pg 117 – Companies in the News 1.  What created a shortage of the flu vaccine? 2.  How did the market respond to the shortage? 3. What is the current availability of the vaccine? II. Objective Define Supply, identify changes in quantity supplied and factors that cause a change in supply. […]

I.  Bellwork Q&A: List the 3 determinants of demand elasticity. Provide 2 examples of an inelastic product/service. (Be specific) II.  Objective: Identify and analyze factors that influence demand elasticity. Review and discuss concepts and principles relating to demand. III.  Discussion Short video on Demand Elasticity Elasticity Examples IV.  Classwork:   Page 109  5-8 Q&A V.  Notebook […]

I. Bellwork: Q&A               List and explain 4 factors that could result in the movement shown in the graph. What is the movement shown in this graph called? II.  Objective: Identify factors that influence the size of a change in the quantity demanded (elasticity). III. Online quiz closes tonight […]

I. Bellwork: Economic Analysis Page 98 & 99 Q&A Interpreting Demand Graph II.  Objective: Identify and provide examples of the factors which cause a change in quantity demand and a change in demand III. Discussion Chapter 4 Difference between change in quantity demand & demand What does it mean when the demand curve shifts to […]

I. Bellwork: Q&A A.  Page 97 – Companies in the News What are some of the changes McDonald’s is making? How do you believe it will impact their business? II. Objective: Explain the difference between a change in demand and a change in quantity demand Identify and examine factors that cause a change in demand […]

I.  Bellwork:  Q&A Explain what you believe are the two main economic problems the United States faces. 2nd hour Bullying Bellwork:  PEER MEDIATION VIDEO DISCUSSION QUESTIONS – 2nd hour II.  Objective: Analyze and compare the different economic policies of the presidential candidates. Practice forms of civic discussion and participation consistent with the ideals of citizens […]