E: Lesson on October 13, 2017

Aim: What is supply?   

 Bell Ringer: Review Demand Unit Test 

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.  

Agenda: 

1. 1. Bell Ringer (10 min)  

2. 2. YouTube video on supply: https://www.youtube.com/watch?v=AdjdWCQbQh8   

3. Journal 24 – What are the three factors of supply as described in the YouTube video. (10  min)  

4. 3. Have students complete the note-taking guide (Supply) using their textbook (McGraw-Hill Economics Principles and Practices pp. 116-141), online resources, or class notes as appropriate.  

Home Learning: Complete your section of the NTG