Aim: If prices act as "signals," do we all react to the signals in exactly the same way?
Bell Ringer: Read ‘Spotlight on the Economy’ P. 155
Objectives:
1. Students will explain ways firms engage in price and nonprice competition.
2. 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. Begin 'Price & Decision Making' Concept Map and Note-taking guide presentations. (rest of class)
3. Have students complete the note-taking guide as each group presents their designated topic.
Home Learning: Chapter 6 Assessment "Review Content Vocabulary"
Friday, May 4, 2018
Thursday, May 3, 2018
Lesson on Thursday, May 3, 2018
Aim: If prices act as "signals," do we all react to the signals in exactly the same way?
Bell Ringer: Current Events / Journal 33 – Describe a current event (local, national, global) and present a solution to said predicament.
Objectives:
1. SS.912.E.1.8 Explain ways firms engage in price and nonprice competition.
2. SS.912.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. Review Journal 32 (Section 3 review)
3. Have students work on a concept map about their assigned section of the Price and Decision Making note-taking guide. (rest of class)
4. Grade Journals 21-30
Home Learning: Complete "Price & Decision Making" Concept Map
Be ready to present tomorrow!
Bell Ringer: Current Events / Journal 33 – Describe a current event (local, national, global) and present a solution to said predicament.
Objectives:
1. SS.912.E.1.8 Explain ways firms engage in price and nonprice competition.
2. SS.912.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. Review Journal 32 (Section 3 review)
3. Have students work on a concept map about their assigned section of the Price and Decision Making note-taking guide. (rest of class)
4. Grade Journals 21-30
Home Learning: Complete "Price & Decision Making" Concept Map
Be ready to present tomorrow!
Wednesday, May 2, 2018
Lesson on Wednesday, May 2, 2018
Aim: If prices act as "signals," do we all react to the signals in exactly the same way?
Bell Ringer: Current Events
Objectives:
- 1. Students will explain ways firms engage in price and nonprice competition.
- 2. 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. Review HW and Journal 31 (10 min)
- 3. Complete the note-taking guide (Prices and Decision Making) using their textbook (McGraw-Hill Economics Principles and Practices pp. 142-167), online resources, or class notes as appropriate.(rest of class)
- 4. Grade Journals 21-30
Home Learning:
1. Complete your Prices and Decision Making NTG
2. Section 3 Review, Questions 2, 3, and 7 as Journal 32
Tuesday, May 1, 2018
Lesson on Tuesday, May 1, 2018
Aim: If prices act as "signals," do we all react to the signals in exactly the same way?
Bell Ringer: Read 'CASE STUDY: I Bought It on eBay'
Objectives:
1. Students will explain ways firms engage in price and nonprice competition.
2. 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 (5 min)
2. Analyzing the Impact (p. 147) (5 min)
3. Review the main points of Section 2. (10 min)
Home Learning:
1. Section 2 Review #s 2, 3, and 6
2. Journal 31 – What will happen to the price you pay for the concert tickets if a popular group has to move its show to a smaller facility? Why?
Bell Ringer: Read 'CASE STUDY: I Bought It on eBay'
Objectives:
1. Students will explain ways firms engage in price and nonprice competition.
2. 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 (5 min)
2. Analyzing the Impact (p. 147) (5 min)
3. Review the main points of Section 2. (10 min)
Home Learning:
1. Section 2 Review #s 2, 3, and 6
2. Journal 31 – What will happen to the price you pay for the concert tickets if a popular group has to move its show to a smaller facility? Why?
Friday, April 27, 2018
Lesson on Friday, April 27, 2018
Aim: If prices act as "signals," do we all react to the signals in exactly the same way?
Bell Ringer: Grade & review previous test.
Objectives:
1. Students will explain ways firms engage in price and nonprice competition.
2. 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. Brainpop: Comparing Prices
3. Journal 29 – As you read section 1, complete a graphic organizer similar to the one below by explaining the advantages of prices.
4. Read on page 143 "Products in the News" and intro to the chapter. (5 min)
5. Assign sections
6. Complete the note-taking guide (Prices and Decision Making) using the textbook (McGraw-Hill Economics Principles and Practices pp. 142-167) (rest of class)
Home Learning:
1. Section 1 Review / Questions 3 and 5
2. Journal 30 – Assume that there is a gasoline shortage and your state has imposed rationing. Write a paragraph about how this might affect you, your family, and your community.
Bell Ringer: Grade & review previous test.
Objectives:
1. Students will explain ways firms engage in price and nonprice competition.
2. 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. Brainpop: Comparing Prices
3. Journal 29 – As you read section 1, complete a graphic organizer similar to the one below by explaining the advantages of prices.
4. Read on page 143 "Products in the News" and intro to the chapter. (5 min)
5. Assign sections
6. Complete the note-taking guide (Prices and Decision Making) using the textbook (McGraw-Hill Economics Principles and Practices pp. 142-167) (rest of class)
Home Learning:
1. Section 1 Review / Questions 3 and 5
2. Journal 30 – Assume that there is a gasoline shortage and your state has imposed rationing. Write a paragraph about how this might affect you, your family, and your community.
Thursday, April 26, 2018
Lesson on Thursday, April 26, 2018
Aim: How can the supply curve be used as a "tool" for studying markets?
Bell Ringer: Check "Supply" worksheet that was done when I was absent.
Objectives:
1. SS.912.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. Supply QQT
3. Supply Unit Test
Home Learning: NO HW!!!!!
Bell Ringer: Check "Supply" worksheet that was done when I was absent.
Objectives:
1. SS.912.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. Supply QQT
3. Supply Unit Test
Home Learning: NO HW!!!!!
Wednesday, April 25, 2018
Lesson on Wednesday, April 25, 2018
Today we worked on the Supply Worksheet to reinforce Chapter 5 Supply Curve concepts.
As promised, here is the S/A response:
PART B: Short Answer Response
Directions: Answer the question below on a loose leaf.
1. Businesses must know what their overhead is in order to not go bankrupt. Describe what an overhead is and give examples of fixed costs that make an overhead. (3 points)
2. People engage in e-commerce – an electronic business conducted over the Internet. Give examples of ways you have engaged in e-commerce. List two products you've purchased online and your experience with e-commerce (3 points)
*note: you can come to class with this section already completed.
As promised, here is the S/A response:
PART B: Short Answer Response
Directions: Answer the question below on a loose leaf.
1. Businesses must know what their overhead is in order to not go bankrupt. Describe what an overhead is and give examples of fixed costs that make an overhead. (3 points)
2. People engage in e-commerce – an electronic business conducted over the Internet. Give examples of ways you have engaged in e-commerce. List two products you've purchased online and your experience with e-commerce (3 points)
*note: you can come to class with this section already completed.
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