Agenda 9/28/11

1. Bell Task: Explain how the range of values for elasticity goes from infinity to zero. Where is the unit elastic point=1?
2. Discussion: Elasticity
3. HW: Read through 161

Agenda 9/26/11

1. Bell Task: People are having difficulty paying the high price of gas. Diagram the effect of a government imposed ceiling on the price of gasoline. Are consumers now better or worse off?
2. Discussion 2.1: Supply and Demand Curves
3. HW: Finish 2.1 If needed

Agenda 9/23

1. Bell Task: Using a S+D diagram, demonstrate how the price of girlscout cookies are determined to be $4.50. What happens when the price is lowered below equilibrium. There are two possible effects.
2. Discussion: Section 2.1 Supply and Demand
3. HW: Finish 2.1 Reading

Agenda 9/13/11

1. Capitalism: A Love Story
2. HW: Exam Section 1 Wednesday 9/14
Objectives Due: Get Binder

Agenda 9/12/11

1. Exam Review Section 1
2. Essay Review
3. HW: Exam Section 1 Wednesday

9/7/11

1. Group Discussion: Teaching the Benefits of Capitalism
2. Section 1 Powerpoint
3. HW: Exam Section 1 Friday