Supply & Demand Day:2

March 31st, 2014

1) Passed back quizzes
2) Review Supply & Demand
3) Elasticity of Demand Vs. Supply.

Homework: Finish supply/demand reading by Wednesday- Annotate & 10 test questions with answers.

Supply & Demand

Thursday 2/27 & Friday 2/28

Thursday:
Supply & Demand notes!
5 events that will cause supply to change.

Friday:
Continue notes.
Quiz

Key Terms:
Equilibrium / Disequilibrium
Surplus/ Shortage
Price Ceiling/ Price Floor

Homework: None.

Changes in Supply

March 26th, 2014

1) Reviewed Supply terms from yesterday.
2) 5 things that will cause supply to change.
3) What does an increase/decrease in supply look like?

Homework: Make sure you finished the worksheet from today.

Day 1: Supply

March 25th, 2014

1) Supply & Demand
2) Supply and Demand worksheets
3) Passed back homework

Tomorrow in class we will continue our discussion on supply!

Finish I.O.U.S.A

Marc 24th, 2014

1) Finished watching I.O.U.S.A
2) Collected movie sheets.
3) 3 Follow up Questions

Difference between monetary policy and fiscal policy?
Whats happening to the middle class?
What is Financial Warfare?

I.O.U.S.A

March 21st, 2014

1) Collected homework (Unemployment Reading & Questions)
2) Fiscal Policy Vs. Monetary Policy- Passed back Tests/HW
3) I.O.U.S.A / Questions.

Homework:None


***On Monday, H period will meet in Mrs. DeMeo's Classroom 164.

Unemployment

March 20th, 2014


1) Passed back tests- reviewed questions
2) Inflation/Unemployment
3) Started Unemployment reading & Questions

Homework: Finish reading and Questions:

1.How does the government determine the unemployment rate?

2.What is a discouraged worker?

3.When does the demand for labor decline?

4.What could happen if a firm reduces wages?

1.What do firms prefer to do?

5.What types of social behaviors occur because of unemployment?

6.What was the unemployment rate in 2010?

7.What are the two categories of unemployment? How are they different?

8.The government has two main tools for encouraging spending what are they?  How are they different?

9.What are minimum wages in Europe compared to the US?  

Test Day Chapters 1-4

March 18th, 2013

1) Collected chapters 1-4 Review
2) Answered any questions
3) Test
4) Word Search

Test Prep

March 17, 2014

1) Practice Test
2) Review Terms

Homework: Study for test tomorrow (Chapter 1-4) & Complete Study Guide! All Terms...

Here are the terms that need to be defined:

1. Three Economic Questions
2. Factors of Production
3. Free Market
4. Command Market
5. Unemployment Rate
6. Free Rider Problem
7. Scarcity
8. Entrepreneur 
9. Adam Smith 
10. Socialist
11. Capitalist 
12. Public Goods
13. Durable Goods
14. Non-Durable Goods
15. GDP
16. Elasticity of Demand
17. Shifts in Demand
18. Substitution Effect
19. Law of Demand
20. Complement
21. Total Revenue 
22. Normal Good
23. Inferior Good
24. Demand Curve
25. Ceteris Paribus

Test Day Tuesday

March 16th

We will review chapter 1-4 tomorrow in class.
Test Tuesday!

I will be staying after tomorrow for extra help if anyone needs it!

Snow Day

March 13th, 2014

We will practice more examples of elasticity tomorrow and review for our upcoming test.

Elasticity

March 12th, 2014

1) Computing Elasticity

• Complementary goods 
• Substitutional Goods
• Durable Vs. NonDurable  

2) Elasticity Vs. Inelasticity. 

Elasticity of Demand

March 10th, 2014

1) Warm Up-

• Demand Increase: Shift to the Right.
• Demand Decrease: Shift to the Left 

2) Elasticity-
Inelastic: Examples: Gasoline & Insulin
Elastic: Cupcakes & Watches.

Homework: Finish Individual Demand Curve Packet. Bring tomorrow.

How Demand's Shift

March 7th, 2013

Changes in Demand.
1) Ceteris Paribus- Along the curve

Changes in Demand.
1) Income
2) Consumer Expectations
3) Population
4) Consumer Tastes & Advertising (Fads)

Homework: None.

Have a good weekend!

Free Enterprise-Quiz

March 4th, 2014

1) CNN student news. Ukraine & Russia
2) Welfare VS Work Ethic
3) Chapter 2 quiz

Tomorrow- We will start Chapter 4, Demand!

Back to Reality...Chapter 3

March 3rd, 2014

1) Review Chapter 3: Free Enterprise 

2) Article: Welfare & Work Ethic 

3) Quiz tomorrow 

Homework for tomorrow:

Quiz tomorrow-Chapter 3 Review.