1. Exam 1 Today + Objectives due today
2. HW: Read through Elasticity on pg. 54
Friday, September 28, 2012
Tuesday, September 25, 2012
Agenda 9/25/12
1. Exam 1 Review
2. Price Floors and Ceilings, Buffer Stock Schemes
3. HW: Exam 1 Wednesday + Objectives and Diagrams Due Wednesday
2. Price Floors and Ceilings, Buffer Stock Schemes
3. HW: Exam 1 Wednesday + Objectives and Diagrams Due Wednesday
Wednesday, September 19, 2012
Agenda 9/19/12
1. Bell Task: Argue in favor or against the following statement:
Minimum wage laws are actually harmful to poor workers.
2. Demand, Supply, Shortage, Surplus
3. HW: Read thru page 54 Elasticy
Minimum wage laws are actually harmful to poor workers.
2. Demand, Supply, Shortage, Surplus
3. HW: Read thru page 54 Elasticy
Tuesday, September 18, 2012
Agenda 9/18/12
Quiz:
1. Explain the difference between a SHIFT of the SUPPLY curve or a movement ALONG the curve. Be sure to list at least 3 factors that cause a shift as explained in your text.
2. Demand and Supply Curves, Surpluses and Shortages.
3. HW: Read Thru page 39
1. Explain the difference between a SHIFT of the SUPPLY curve or a movement ALONG the curve. Be sure to list at least 3 factors that cause a shift as explained in your text.
2. Demand and Supply Curves, Surpluses and Shortages.
3. HW: Read Thru page 39
Monday, September 17, 2012
Agenda 9/17/12
1. Bell Task:
Draw a circular flow diagram that shows flow of payments in both the factor market and product market
2. Discussion:
Free Markets vs. Planned Economies
Marginal Utility
Circular Flow
3. HW: Read thru pg. 39
Draw a circular flow diagram that shows flow of payments in both the factor market and product market
2. Discussion:
Free Markets vs. Planned Economies
Marginal Utility
Circular Flow
3. HW: Read thru pg. 39
Friday, September 14, 2012
Agenda 9/14/12
1. Capitalism vs. Socialism Characteristics and Pros and Cons
2. Review both Reading Packets
3. HW: Read thru page 34: Supply and Demand Curves
2. Review both Reading Packets
3. HW: Read thru page 34: Supply and Demand Curves
Monday, September 10, 2012
Agenda 9/10/12
1. Bell Task: What are the advantages and disadvantages of Capitalism?
2. Discussion: The Benefits of Capitalism
3. HW: Read pages 1-10 of The Case for Socialism (on website)
Answer Questions 1-5 (Submit on Edmodo)
2. Discussion: The Benefits of Capitalism
3. HW: Read pages 1-10 of The Case for Socialism (on website)
Answer Questions 1-5 (Submit on Edmodo)
Friday, September 7, 2012
Agenda 9/7/12
1. Bell Task: Hurricanes and PPF curves.
Using a PPF describe what New Orleans' curve looked like before and after the hurricane.
Use Tourism and Infrastructure as your axes categories.
What do points inside, on, and outside the curve represent?
Where can you show opportunity costs?
2. Discussion:
PPF
What, How, For Whom
Capitalism
3. HW: Finish Benefits of Capitalism Packet and questions.
Using a PPF describe what New Orleans' curve looked like before and after the hurricane.
Use Tourism and Infrastructure as your axes categories.
What do points inside, on, and outside the curve represent?
Where can you show opportunity costs?
2. Discussion:
PPF
What, How, For Whom
Capitalism
3. HW: Finish Benefits of Capitalism Packet and questions.
Tuesday, September 4, 2012
Agenda 9/4/12
1. Bell Task:
a. Describe each of the 4 factors of production.
b. How do planned economies and free market ones answer the following production questions: What, How, and For Whom do we produce?
2. Introduction to economics
3. Production Possibilties Frontiers
4. HW: Read pages 1-10 of Benefits of Capitalism Packet
a. Describe each of the 4 factors of production.
b. How do planned economies and free market ones answer the following production questions: What, How, and For Whom do we produce?
2. Introduction to economics
3. Production Possibilties Frontiers
4. HW: Read pages 1-10 of Benefits of Capitalism Packet
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