Go over the demand shift worksheets from yesterday. Begin elasticity of demand (chap 4 section 3). Possibly get worksheets on elasticity.
Looking at demand quiz on Wednesday.
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Audible Tone: Explain the difference between a change in quantity demanded and a shift in demand. What causes each? Turn in.
Go over the demand shift worksheets from yesterday. Begin elasticity of demand (chap 4 section 3). Possibly get worksheets on elasticity. Looking at demand quiz on Wednesday.
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Audible Tone: Why should we be concerned about the budget deficit/national debt?
Finish the video from yesterday if need be. Look closely at differences between a change in quantity demanded and a shift in demand as well as what causes each. Demand shift worksheets for homework. Audible Tone: What causes a shift in demand?
You will watch the video "10 Trillion and counting" and answer questions on it. This is about the budget deficit/national debt. Audible Tone: Plot the following: P $0 Qd 27, P $1 Qd 18, P $2 Qd 8, P $3 Qd 6, P $4 Qd 6, P $5 Qd 2, P $6 Qd 0
We will practice plotting supply curves and then do the Demand WS in class. There will be time to check it in class. We will begin looking at shifts in demand (section 2). Audible Tone: What does the Law of Demand tell us?
Go over the test from Friday. Check the chapter 4 sections 1,2 key terms and begin going over demand. We will plot demand as well as get the demand worksheets in class. Audible Tone: Explain each of the four factors of production. Turn in.
Test on Chapter 1-2 today. Read/define chapter 4 section 1-2 key terms. Audible Tone: What is a mixed economy a mix of? (what does it take from other economics systems)
We will go over the chapter 2 worksheets from yesterday. There will also be chapter 1-2 vocab review that will be done in class. Finally we will review for the test on chapter 1-2, which is tomorrow. Audible Tone: Explain what the biggest problem of a centrally planned economy is.
We will finish watching the biography of Stalin and discuss as needed. There will be short notes on what a mixed economy is. Chapter 2 worksheets will be given for homework. Test on Chapter 1-2 is on Friday Audible Tone: Ecplain a a centrally planned economy.
We will continue with the group work on what is good and bad about centrally planned economies. There will be a discussion of the group work. We begin watching the biography of Joseph Stalin as an example of a bad centrally planned economy. We will finish watching the biography tomorrow. Chapter 1-2 test is on Friday. Audible Tone: Explain the biggest problem of a true market economy.
Finish notes on problems of Adam Smith. We will look at the 4 pillars of free enterprise with a short video. If we are fast with this, we will do a group work on what is good/bad about centrally planned economies. Test on chapter 1-2 is on Friday. |
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