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.