Agenda 9/28/12

1.   Exam 1 Today +  Objectives due today
2.   HW:  Read through Elasticity on pg. 54

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

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

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

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

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

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)