Daily Lesson Plan/Learning Goal | Notes | Handouts, Links, Etc |
Unit 2 Day 1 | 3.1 Demand | |
TEST | | |
Unit 2 Day 2 Changes in Demand | 3.2 Changes in Demand | Demand Shifts Handout |
Analyze the housing bubble and identify the things that shifted and changed quantity demanded in the mortgage market. | No new notes | 21134540/vp/29880116#32543128 |
| Explain when a shift occurs and when it is just quantity change related to a given scenario or marketplace change | Group Quiz based on scenarios in marketplace | No makeup on quiz. You will be exempted if you missed today. See me during Support Period if you need help/tutoring with shifts and qty change. |
| Compare elastic demand with inelastic demand and explain why they differ by using examples and details. | 3.3 Elasticity of Demand | |
| Explain the difference between elastic and inelastic demand and use the total revenue test to determine demand elasticity from a data set. | Notes on Board | |
| Explain the law of supply and predict how changes in supply affect the supply curve | Do Practicing Skills 1-4 AND Analyzing Primary Resource-all qst. | Check out this robo welding on a Toyota Camry! Increased productivity over humans, but maybe not so good for unemployment rate: http://www.youtube.com/watch?v=82w_r2D1Ooo |
| Video Reinforcement--discussion | Notes Quiz and Video | http://www.hulu.com/watch/59026/cnbc-originals-house-of-cards Watch Segment four of the movie from 30 minutes 30 seconds to about 40 minutes.
Question: What supply determinant caused an increase in the supply of home loans? |
| Shark Tank Project Lab Day | Other helpful links: | Use the link below to explore lease/commercial space Use the link below to calculate your loan payment |
| 4.2 Changes in Supply | Supply Shifts Exercise |
| Utilize data to determine marginal return and calculate profits, overhead and variable costs as well as make hiring decisions from the data. | 4.3 Product Decisions | |
Explain how supply and demand interact to create a market price. Further determine how changes cause supply or demand shifts and subsequent changes to price and quantity sold. | 5.1 Price System | |
| Describe how prices can be determined using a supply and demand curve. | 5.2 Determining Prices | Supply and Demand Wksht |
| 5.3 Notes | |
| Use supply and demand, data analysis, and secondary source reading to construct a meaningful 5 paragraph response to an economic question: Why is tuition getting so expensive? | | Midterm "Free" Response |
| Identify key labor components in the NFL Referee Lockout and compare/contrast the lockout with at least one other labor dispute. | | NFL Union Lockout Activity |
| Identify types of market interferences by government and business and compare/contrast types of business organizations from a consumer standpoint. | | Market Interference and Business Organization |
Unit 2 Study Guide-Updated | | |
