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

WED.

9/6

UNIT I QUEST

 

Shark Tank Intro (#14)

 

 

Read pgs. Chpt. 3

 

Print out this schedule and place behind Unit II divider (#19)

 

 

FRI.

9/8

Demand Lecture (#20)

AMAYW*

 

“Chapter Four: Demand” purple sheet (#21)

 

 

 

Demand Elasticity Practice (#23) Pink

 

Practice Calculating Demand Elasticity (#24)

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

Finish Reading Chpt 3

Here is the Demand Powerpoint

 

Shark Tank Dates:

10/10- Description of product/Service: answer the 3 basic economic questions and include a visual

 

11/7*- Executive Summary of Business Plan

 

12/7- Shark Tank Presentations

 

Here is some specific information regarding the assignments due on the dates listed above

TUE.

9/12

Lecture: Notes  Law of Supply w/Curves (#25)

       -Production Costs, Earnings, and Profits

        : Slide 18

 

 

 

 

 

 

Read Pgs. 47-52 and 53-60

 

 

Demand & Supply W/S do Questions 21-28.  (#22)

 

 

 

THU.

9/14

 

 Lecture: Non-price determinants of Supply (Slide 19) (#25)

 

Reasons for Changes in Supply (#26)

 

Theory of Production (#27) (10 minutes)

Total Product Practice Question *

 

 

 

Complete the remaining questions in Demand and Supply Packet (#22) (if you didn’t in class)

 

Finish theory of Production W/S(#27)

 

Read pgs. 60-68

 

 

Here is the Supply Powerpoint

MON.

9/18

A Market Wheat Simulation (#29 ) Score Sheet

w/Graph (#30)

 

Price System

 

Poster Project (#28)

 

Read Pgs. 69-75

Do Pgs. 37-38 in SSG (#32)

 

Start poster project- Bring materials to work on poster project/current events (pens, pencils, posterboard and if you have a laptop bring it!) DUE : Wed Oct 4

 

Here is the How Prices Are Determined Powerpoint

 

WED.

9/20

Go over Last few questions in Demand and Supply Worksheet (#22)

 

Price Systems Notes: How Prices are Determined Lecture (#31)

 

 

 

Supply Demand Calculating Elasticity of Supply (#33)

 

 

 

 

 

 

 

Complete: Consumer Education Supply and Demand of Orange Juice Study W/S (#34) and Supply and Demand W/S (#35)

 

Bring materials to work on poster project/current events (pens, pencils, posterboard and if you have a laptop bring it!) Due Oct. 4

 

Here is SPECIFIC INFORMATION regarding the various due dates for Shark Tank

 

Review For Quest on Tue. here is the Unit II Studyguide (#37)

FRI.

9/22

Go Over Homework:

Consumer Education Supply and Demand of Orange Juice Study W/S (#34) and Supply and Demand W/S (#35)

 

Work on Posters (35 minutes)

Shark Tank Work (35 minutes)

 

Review for Unit II Quest: (40 minutes)

  - Practice Graphing Non-Price Factors Shifting Demand/Supply W/S (#36)

  - Studyguide (#37)

 

 

 

Study For the Unit II Quest (Mon.) Here is the Unit II Studyguide (#37)

 

Work on Poster Project DUE: Wed Oct 4

TUE.

9/26

Unit II Test (45 minutes)

Start New Unit: UNIT III Schedule (#38):

Start: Lecture Market Structures (#39) (5 minutes)

Read pgs. 180-188 (optional)

 

Poster Project Due on Wed. 10/4

 

Work on Shark Tank- Write-up plus visual due on 10/10

 

 

Go to UNIT III SCHEDULE (#38)

 

THU.

9/28

Go Over Unit II Test

Lecture Market Structures (50 minutes)(#39) 

Airline Case: Is Bigger Better? (#40) (period 4)

Read pgs. 180-188 (optional)

 

Poster Project Due on Wed. 10/4

 

Work on Shark Tank- Write-up plus visual due on 10/10

 

Go to UNIT III SCHEDULE (#38)

 

 

MON.

10/2

Discuss Gerrymandering (SCOTUS court docket)

 

Airline Case: Is Bigger Better? (#40) (period 6)

Finish Lecture Market Structures (#39)

Start Tucker (#41)

Poster Project Due on Wed. 10/4

 

Work on Shark Tank- Write-up plus visual due on 10/10

 

 

Here is SPECIFIC INFORMATION regarding the various due dates for Shark Tank

WED.

10/4

Poster Project Due TODAY

Finish Tucker (#41)

 

 

Shark Tank- Write-up plus visual due on 10/10

 

 

Here is SPECIFIC INFORMATION regarding the various due dates for Shark Tank

 

Complete Examples of Four Market Structures of Competition (yellow) (#42)