ECONOMICS
UNIT II
DEMAND and
SUPPLY
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) |