Honors Economics Weeks of October 9-13,16-20, 23-26

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Posted by cliftonj | Posted in Hon Gov/Econ Materials | Posted on October 5, 2017

Monday Oct. 9

LG: To be able to explain how specialization and voluntary exchange are beneficial to individuals, businesses, and countries. To be able to describe how government plays a role in the economy even when the economy leans toward a market system.

  1. PPT Notes Quiz 3
  2. PowerPoint notes/videos on Goods, Market Failure, and Role of Government Lecture 4, Role of Government-2cfmsb7
  3. Pass out Unit 1 Problem Set, check for accuracy tomorrow in class

 

Tuesday Oct. 10

LG: To review Unit 1 concepts.

  1. Ch 2 Naked Economics quiz
  2. Unit 1 Problems Set, checking in class for accuracy
  3. Complete and review vocabulary

HW: Study for test

 

Wednesday Oct. 11

LG: To assess understanding of Unit 1 concepts.

  1. Unit 1 Test
  2. Receive Unit 2 Vocabulary

 

Thursday Oct. 12  **Early Release Day **

  1. Pretest on the computers, with iRespond app

 

Friday Oct. 13  ***Bring Textbook***

LG: Describe how each sector of the economy (households, businesses, and government) interacts with one another in markets. They will explain how each sector is both consumer and producer in order to create a circular flow of goods and services.

  1. Read pp. 40-44 in text book and answer questions 1-5 on p, 44
  2. Draw out circular flow chart label and color, activity
  3. Complete Vocabulary for Unit 2 Microeconomics

 

Monday Oct. 16

LG: Define the law of demand and the law of supply. They will be able to explain the slope of the demand and supply curves using the laws of demand and supply.

  1. PowerPoint notes/videos- money, circular flow
  2. Quiz over money and circular flow
  3. PowerPoint notes and Videos- Demand
  4. Demand Activity

 

Tuesday Oct. 17

LG: Define the law of demand and the law of supply. They will be able to explain the slope of the demand and supply curves using the laws of demand and supply. Students will use supply and demand curves to identify and explain the equilibrium price and quantity in a market.

  1. Ch. 6 Naked Economics Quiz
  2. PowerPoint notes and videos- demand
  3. Buyers and sellers of a commodity activity, if time

 

Wednesday Oct. 18

LG: Differentiate between inelastic demand and elastic demand and inelastic supply and elastic supply, read and interpret supply and demand curves, tell how price floors and price ceilings are established and their effects on markets, explain how price acts as a market incentive, and explain market competition and its effects on demand, supply, and price.

  1. Quiz over demand
  2. PowerPoint notes/video-Supply
  3. Market Game Activity

 

Thursday Oct. 19

LG: Students will use supply and demand curves to identify and explain the equilibrium price and quantity in a market.

  1. Quiz on Supply
  2. notes on Equilibrium
  3. Graphing activity
  4. PowerPoint notes/video- Market Structures   

Friday Oct. 20

LG: Explain how the Law of Demand, the Law of Supply, prices, and profits work to determine production and distribution in a market economy.

  1. Equilibrium Quiz
  2. PowerPoint notes/video- Surplus and Market Structures
  3. Check Equilibrium Activity  

 

Monday Oct. 23

LG: Explain how the Law of Demand, the Law of Supply, prices, and profits work to determine production and distribution in a market economy.

  1. Market Structures Quiz
  2. complete PowerPoint notes/video- Market Structures
  3. PowerPoint notes/video- Elasticity
  4. Elasticity Activity, if time

 

Tuesday Oct. 24

LG: Differentiate between inelastic demand and elastic demand and inelastic supply and elastic supply, read and interpret supply and demand curves, tell how price floors and price ceilings are established and their effects on markets, explain how price acts as a market incentive, and explain market competition and its effects on demand, supply, and price.

  1.  Quiz Naked Economics
  2. Quiz Elasticity/Market Structures
  3. PowerPoint notes/video- Business Organizations
  4. Complete a chart on Bus. Org.
  5. Receive Problem Set, check at beginning of class tomorrow

 

Wednesday Oct. 25

LG: Explain market competition and its effects on demand, supply, and price, compare and contrast the advantages and disadvantages of sole proprietorship, partnerships, and corporations as forms of business organization, describe entrepreneurs and entrepreneurship in a market economy including the roles, significance, and effects, describe the characteristics of different market structures including monopolies, oligopolies, monopolistic competition, and pure (perfect competition).

  1. Check Problem Set
  2. Learning Commons, for USATest Prep for Micro Test

 

Thursday Oct. 26

LG: Demonstrate knowledge of Microeconomics.

  1. turn in vocabulary and problem set
  2. Unit 2 assessment

 

 

 

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