Aim: Why do economists call the demand curve one of the main "tools" of their profession?
Bell Ringer: Review “Building Wealth” pages 8 and 9
Objectives:
- 1. SS912.E.1.4 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. Read China's Thirst for Gas on page 114-115 (as a class)
- 3. Demand QQT
- 4. Demand Unit Test
- 5. Grade journals 11-20
- Home Learning: Building Wealth read pages 10-11
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