Wednesday, December 16, 2015

Day 76 Agenda (Wednesday 12/16/15)

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Motivation for the Week:
"It is hard to fail, but it is worse never to have tried to succeed"
- Theodore Roosevelt

Check out Mr. C's Economics Handbook! Everything you need to know for Economics in C&E!
Agenda
Periods 1&3
1) Supply
Shifting Supply Practice

2) Equilibrium
After a few days focusing exclusively on Demand and then only on Supply, it was time to put them together to demonstrate how the two work together to determine prices! We completed the tables for the Determinant of Demand and the Determinants of Supply. We learned that there are only 4 possible outcomes:


Period 4
1) Demand
Shifting Demand Practice

2) Supply
Today we looked into Supply. What it is, Determinants of Supply, and Quantity Supplied v. Supply. The mechanics are the same but the concept is different.
Determinants of Supply Flowchart
Shifting Supply Table


Homework
Periods 1&3
Unit 8 Crossword Puzzle

Period 4
Read & Note Section 21.4
Complete Activity 7: Equilibrium

Announcements
Periods 1&3
TEST TOMORROW (UNIT 8) ECONOMIC FUNDAMENTALS

Period 4
TEST FRIDAY (UNIT 8) ECONOMIC FUNDAMENTALS