Aim: What is
supply?
Bell Ringer: Check and
grade Spring Break HW "My Monthly Budget"
Objectives:
1. Students
will define supply, demand, quantity supplied, and quantity demanded;
graphically illustrate situations that would cause changes in each, and
demonstrate how the equilibrium price of a product is determined by the
interaction of supply and demand in the market place.
2. Students
will graph and explain how firms determine price and output through marginal
cost analysis.
Agenda:
1. Bell
Ringer (10 min)
2. YouTube
video on supply curve: https://www.youtube.com/watch?v=nKvrbOq1OfI and https://www.youtube.com/watch?v=6Q_XxwqtwxY
3. Journal 74 – Describe the supply curve as described on both
videos.
4. Complete
the note-taking guide (Supply) using their textbook (McGraw-Hill Economics
Principles and Practices pp. 116- 141) (rest of class)
Home Learning: Complete
your section of NTG
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