{"id":13133,"date":"2016-11-17T19:44:27","date_gmt":"2016-11-18T00:44:27","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=13133"},"modified":"2016-11-17T19:51:20","modified_gmt":"2016-11-18T00:51:20","slug":"economics-11182016","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2016\/11\/17\/economics-11182016\/","title":{"rendered":"Economics &#8211; 11\/18\/2016"},"content":{"rendered":"<p>I.\u00a0 <strong>Bellwork<\/strong><\/p>\n<ul>\n<li><strong>ACT Questions<\/strong><\/li>\n<\/ul>\n<p>II.\u00a0 <strong>\u00a0 Objective<\/strong><\/p>\n<ul>\n<li>Analyze how quantity and prices change in the market due to a variety of determinants.<\/li>\n<li>Synthesize information from the simulation into a coherent understanding prices.<\/li>\n<li>Create economic models based upon the results of the simulation and the reading.<\/li>\n<\/ul>\n<p><strong>III.\u00a0 Discuss<\/strong><\/p>\n<ul>\n<li><u><a href=\"https:\/\/reffonomics.com\/SupplyandDemand.html\">Changes in Demand &amp; Supply Graph<\/a><\/u><\/li>\n<\/ul>\n<p>IV.\u00a0 <strong>\u00a0<\/strong> <strong>Classwork<\/strong><\/p>\n<p><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2015\/11\/Supply-and-Demand-Activity-The-Pearl-Exchange.docx\">A.\u00a0 Supply and Demand Activity \u2013 The Pearl Exchange<\/a><\/p>\n<p>B.\u00a0 Read the article <a href=\"https:\/\/livingeconomics.org\/article.asp?docId=91\">Cheap Pearls<\/a> \u00a0\u00a0<a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2015\/11\/Cheap-Pearls.docx\">Cheap Pearls<\/a><\/p>\n<ul>\n<li>Summarize the article (4-5 sentences)<\/li>\n<li>Create an economic model demonstrating what is happening.<\/li>\n<\/ul>\n<p>C.<\/p>\n<p><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2011\/01\/BW-1-24-11.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-4996\" src=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2011\/01\/BW-1-24-11-300x264.jpg\" alt=\"BW 1-24-11\" width=\"300\" height=\"264\" srcset=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2011\/01\/BW-1-24-11-300x264.jpg 300w, https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2011\/01\/BW-1-24-11.jpg 570w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>From a starting point of D &amp; S<\/p>\n<ol>\n<li>What is the current equilibrium price? Where does S &amp;D intersect.<\/li>\n<li>What is the new price if demand remains constant\u00a0and supply increases to S<sup>2<\/sup>?<\/li>\n<li>What would be the new price if demand decreases to D1 and Supply increases to S<sup>2<\/sup>?<\/li>\n<li>What would be the price if demand remains constant D and Supply increases to S<sup>1<\/sup>?<\/li>\n<li>What could cause an increase in the supply of gold?<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 Bellwork ACT Questions II.\u00a0 \u00a0 Objective Analyze how quantity and prices change in the market due to a variety of determinants. Synthesize information from the simulation into a coherent understanding prices. Create economic models based upon the results of the simulation and the reading. III.\u00a0 Discuss Changes in Demand &amp; Supply Graph IV.\u00a0 \u00a0 [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78],"tags":[],"class_list":["post-13133","post","type-post","status-publish","format-standard","hentry","category-economic-f2016"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/13133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/comments?post=13133"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/13133\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=13133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=13133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=13133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}