Lesson on Friday, September 28, 2018 (L24)

Aim: What is supply?   

 Bell Ringer: Review Demand Unit Test 

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

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

4. 4. 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.  
5. 
   

Home Learning: Complete your section of the NTG

Lesson on Wednesday, September 26, 2018 (L23)

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.  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. 
2. 
   

Agenda: 

1. 1. Bell Ringer (10 min) 

2. 2. Read China's Thirst for Gas on page 114-115 (as a class) 

3. 3. Demand QQT 

4. 4. Demand Unit Test 

5. 5. Grade journals 11-20 

1. Home Learning: Building Wealth read pages 10-11  

Lesson on Tuesday, September 25, 2018 (L22)

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. 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 page110-111 to prepare for tomorrow's test. (Change in Demand in particular)

Lesson on Monday, September 24, 2018 (L21)

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. 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 Friday, September 21, 2018 (L20)

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. 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