ECONOMICS

UNIT II

DEMAND and SUPPLY

 

http://4.bp.blogspot.com/-ggSqm7cKaOQ/Tl2V9xalwfI/AAAAAAAAB5w/4xCZaYJ7WSA/s1600/SUPPLY%2BVS%2BDEMAND.jpg

 

In this unit, we will examine the relationship of the concept of incentives to the law of supply and the relationship of the concept of incentives and substitutes to the law of demand. We will also investigate the effects of changes in supply and/or demand on the relative scarcity, price, and quantity of particular products. Roles of property rights, competition, and profit in a market economy as well as how prices reflect the relative scarcity of goods and services and perform the locative function in a market economy will be covered as well as the process by which competition among buyers and sellers determines market price.

 

Back to Unit I                                                Table of Contents                                                    

Date

In-Class Work

Homework

FRI.

11/18

UNIT I QUEST

 

Shark Tank Intro (#19)

 

Start Demand Lecture (#20)

Read pgs. Chpt. 3

 

DO: SSG pgs. 21-22 (#21)

 

Print out this schedule and place behind Unit II divider (#18)

 

Prep binders- Econ binder check

TUE.

11/22

Econ Binder Check

Demand Lecture (#20)

Candy Bar*

Demand Elasticity

Demand and Supply W/S (#22)

Complete Questions #1-20 in Demand and Supply Worksheet (#22)

 

Here is the Demand Powerpoint

WED.-FRI. 11/23-11/25

Thanksgiving Break- No School!

See above

 

Review*: Read Pgs  36-40

 

Review*: Read pgs 41-45;

 

*If you feel behind or need brushing up

 

 

TUE.

11/29

Lecture: Law of Supply w/Curves (#23)

       -Production Costs, Earnings, and Profits

        : Slide 18

 

 

 

Poster Project (#27)

 

 

 

Read Pgs. 47-52 and 53-60

 

Theory of Production (#24) *if you didn’t finish it

 

Demand & Supply W/S do Questions 21-28.

 

 

 

THU.

12/1

Finish explaining Supply Demand Poster Project (#27) (10 minutes period 1)

Theory of Production (#24) (10 minutes)

Total Product Practice Question *

 

Supply (yellow sheet) (#25)

 

A Market Wheat Simulation (#26) Score Sheet

Do pg. 35-36 in SSG. (#28)

Read pgs. 60-68

Start Poster Project (#27) Due TUE. 12/13

 

 

Here is the Supply Powerpoint

MON.

12/5

A Market Wheat Simulation (#26) Score Sheet

Info (#30)

Price System

How Prices Are Determined Notes (#31)

Read Pgs. 69-75

Do Pgs. 37-38 in SSG (#29)

 

Bring materials to work on poster project/current events (pens, pencils, posterboard and if you have a laptop bring it!) DUE TUE. DEC. 13

 

Here is the How Prices Are Determined Powerpoint

 

WED.

12/7

Price Systems Notes (#31) *if needed (period 1 5 minutes)

 

Review for Unit II Quest: (40 minutes)

  -Orange W/S (#32)

  -Practice Opp. Cost (#33)

  -Total Prod. (#34)

 

 

Supply Demand non-price factor practice (#)*

 

Practice Graphing Non-Price Factors Shifting Demand/Supply W/S (#)*

 

Time to work on supply/Demand Poster Project (45 minutes)

 

 

 

 

 

Bring materials to work on poster project/current events (pens, pencils, posterboard and if you have a laptop bring it!)

 

Review For Quest on Mon. here is the Unit II Studyguide (#35)

FRI.

12/9

Unit II Quest (45 minutes)

 

Shark Tank Work (20 minutes)

Start New Unit:

Lecture Market Structures (#37)

Study For the Unit II Quest (Mon.) Here is the Unit II Studyguide (#)

 

Work on Poster Project (Due Tue 12/13)

TUE.

12/13

Poster Project Due TODAY

Continue Market Structures  (#37)

 

Airline Case: Is Bigger Better? (#38)

Articles on electoral College (#39)

Business Organizations (#40)

Start Tucker (#41)

Read pgs. 180-188

 

 

Go to UNIT III SCHEDULE (#36)

 

THU.

12/15

Tucker (#41)

 

MON-WED.

12/19-12/21

FINALS WEEK:

Finish Tucker(#41)

Party

Continue Unit III