Lesson on Tuesday, April 9, 2018

Aim: Why do economists call the demand curve one of the main "tools" of their profession?  

Bell Ringer: Journal 23 – Describe the difference between elastic demand and inelastic demand. P. 104 

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)  

3. Complete Concept Map and Business Organization note-taking guide presentations. (rest of class)  

4. Have students complete the note-taking guide as each group presents their designated topic 

Home Learning:  

1. Review NTG and Concept Map to review for the test.  

2. Building Wealth pages 8 and 9  

3. Read page 110-111 to prepare for tomorrow's test. (Change in Demand in particular) 

Lesson on Monday, April 9, 2018

Aim: Why do economists call the demand curve one of the main "tools" of their profession?  

Bell Ringer: Journal 21 – Describe factors that affect demand.  

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. Concept Map and Business Organization note-taking guide presentations. (rest of class)  

3. Complete the note-taking guide as each group presents their designated topic. 

Home Learning: Journal 22 – Describe two products that are 'complements' as described in section 2. 

Lesson on Thursday, April 5, 2018

Aim: Why do economists call the demand curve one of the main "tools" of their profession?  

Bell Ringer: Journal 20 – Write about a current event at the local/state/national/global level. 

Objectives: 

1. 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: https://www.youtube.com/watch?v=QvGLcCTXk9o (4 min)  

2. Review Demand Worksheet questions 9-15 (6 min) 

3. Have students work on a concept map about their assigned section of the What is Economics? note-taking guide. (rest of class) 

Home Learning:  

1. 1. Complete concept map 

2. 2. Complete Demand Worksheet 

Lesson on Wednesday, April 4, 2018

Aim: Why do economists call the demand curve one of the main "tools" of their profession?  

Bell Ringer: Review "Law of Demand" worksheet  

Objectives: 

1. 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. Demand Worksheet (Part 2) (10 min) 

3. 3. Complete the note-taking guide (Demand) using their textbook (McGraw-Hill Economics Principles and Practices pp. 88-115), online resources, or class notes as appropriate. (rest of class) 

Home Learning: Complete your designated section of the NTG and Part 2 of Demand Worksheet

Lesson on Tuesday, April 3, 2018

Aim: Why do economists call the demand curve one of the main "tools" of their profession?  

Bell Ringer – Review previous exam 

Objectives 

1. 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. Lesson Intro: YouTube: https://www.youtube.com/watch?v=ShzPtU7IOXs (10 min)  

3. 3. Journal 19 – Describe the Law of Demand. 

Home Learning: Law of Demand worksheet (1-8) 

Lesson on Monday, April 2, 2018

BUSINESS ORGANIZATION EXAM