Aim: How can the supply curve be used as a "tool" for studying markets?
Bell Ringer: Journal 25 – Describe the supply curve as described on both videos.
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. 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. 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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