Read/define 7/2. Take notes on monopoly and monopsony. Get worksheets on 7/2 (monopoly)
Audible Tone: What is collusion? When does it happen?
Read/define 7/2. Take notes on monopoly and monopsony. Get worksheets on 7/2 (monopoly)
0 Comments
Audible Tone: What is oligopoly? Give an example.
Go over the sheets of work from yesterday. Possibly begin monopoly. But it is only a half day. Audible Tone: What is MONOPOLISTIC competition? Give an example.
We will continue on with the power point on Market Structure ( Chap 7). There will be worksheets on Chapter 7 sections 1 and 3 for homework. Audible Tone Monday: When does a price ceiling cause a surplus? When does a price floor cause a surplus?
Audible Tone Tuesday: What is perfect competition? Give an example. Monday-we went over the review sheet in class and then took the Equilibrium Quassessment (test). Read/define Chapter 7 sections 1,3 key terms. Tuesday- go over the quassessment. Check the key terms and take notes on perfect competition, monopolistic competition, and oligopoly. Possibly a worksheet on those structures. Audible Tone: What effect does a tax have on equilibrium? What shifts? supply or demand? Which way? Turn in.
Go over worksheet from yesterday. Do review sheet in class. Equilibrium test on Monday. Audible Tone: What is market clearing price?
Work on shifts of equilibrium and how taxes affect equilibrium. Chapter 6 section 2 worksheets given for homework. Test on chapter 6 is Monday Audible Tone: Do we want minimum wage to be above or below equilibrium? by a lot or a little? Why?
In class we will go over the worksheet from yesterday. We will begin doing shifts in equilibrium. Audible Tone: Plot the following P $0, $1, $2, $3, $4, $5, QD 20, 18, 16, 8, 4, 0 QS 0, 2, 4, 8, 16, 20
We will go over the supply quiz, continue on with equilibrium, particularly price ceilings and floors. There will be worksheets today on chapter 6 section 1. Audible Tone: How do you figure 1) revenue? 2) total cost? 3) profit? Turn in.
Supply quiz today. Read/define chap 6 sections 1,2. Begin equilibrium. Audible Tone: What causes a shift in supply?
We will go over the worksheets from yesterday. We will do a review sheet on supply in class and go over. Supply quiz on Friday. |
|