Monday, September 23, 2013/Tuesday, September 24,
2013: (Objectives: Students will be able to: 1) Explain the Law of Demand; and 2) Identify the difference between an individual demand curve and a market demand curve)
Welcome!
Unit 1 TEST
Warm Up: Demand----A "Product" everyone wants blind auction
(small groups)
Notes: Demand, Demand Curves, Demand Shifts
Pair Activity: Demand Worksheet
Closing: Review Questions on Slides
Homework: Finish the Activity
Wednesday, September 25, 2013/Thursday, September 26,
2013: (Objectives: Students will be able to: 1) Explain the Law of Demand; and 2) Identify the difference between an individual demand curve and a market demand curve)
Welcome!
Warm Up: Review of Demand Relationship
Notes: Law of Demand
Pair Activity: Practicing Demand
Review the Activity
Closing: Review Questions from slides
Homework: NONE
Friday, September 27, 2013/Monday, September 30,
2013: (Objectives: Students will be able to: 1) Identify the difference between movement along the demand curve and a shift in demand; and 2)
Identify the "shifters" of demand)
Welcome!
Warm Up
Notes: Demand Shifts
Groups: Create advertisement to increase demand of a product
Present advertisements
Closing Activity: How would you shift demand curve left for Internet
Book Sales
Homework: NONE
Tuesday, October 1, 2013/Wednesday, October 2,
2013: (Objectives: Students will be able to: 1) Identify the shifters of demand; 2) define the "Law of Supply"; and 3) Understand how supply and demand work together, and relate the law of supply and demand to everyday life)
Welcome!
Warm Up: Shifters of Demand
Activity: Supply--Points
Notes: Supply---and Demand
Activity: Elasticity of Products (Groups---come up with 5 elastic products and why---personal INELASTIC goods)
Homework: Family Poll---what goods or services are INELASTIC to your family (either as a whole or by individual)? Why are they inelastic? What do you think are the factors that influence elasticity of demand? 3-4 paragraphs
Thursday, October 3, 2013/Friday, October 4, 2013: (Objectives: Students will be able to: 1) Define the "Law of Supply"; 2) explain how supply and demand work together in a perfectly competitive market; and 3) Define
"elasticity" and apply it to everyday household items)
Welcome!
Warm Up: Supply Curve--define it
Notes: Supply and Demand
Group Activity: Elasticity of Products---(Groups come up with 5 elastic products and why; also personal INELASTIC goods)
Homework: Family Poll---What goods or services are inelastic to your family, either as a whole or by individual? Why are they inelastic? What do you think are the factors that influence elasticity of demand? 3-4 paragraphs
Monday, October 7, 2013/Tuesday, October 8, 2013: (Objectives: Students will be able to: 1) Review the Laws of Supply and Demand; 2) Correctly
Identify Shifts in the Supply/Demand Curves; and 3) Explain Elasticity)
Welcome!
Collect and Review Homework: Family Poll
Finish Supply and Demand Notes
Pair Activity: Analyzing Headlines (TEACH TCI)
Closing: Review Headline activity
Homework: NONE
Wednesday, October 9, 2013/Thursday, October 10,
2013: (Objectives: Students will be able to: 1) Analyze the relationship
between Supply and Demand in setting market prices; 2) Create and Graph
Supply and Demand schedules)
Welcome!
Review Curve Shifter Headlines Activity---Collect
Warm Up: Is the Price Really Right? (TCI)
Activity: Banana Market
Notes: Supply, Demand, and Market Equilibrium
Homework: NONE
Friday, October 11, 2013/Tuesday, October 15, 2013: (Objectives: Students will be able to: 1) Analyze the relationship between Supply and Demand in setting market prices; 2) Create and Graph Supply and Demand schedules; and 3) Examine the impact of price ceilings and floors on markets)
Welcome!
Continue Exercise from last class---Graph results from previous
class
Go over strategies, results, etc. from Rounds 1-3
Textbook reading (Pairs)---What happens when Demand meets
Supply?
Conduct Rounds 4 and 5
Questions from TCI concluding activity
Notes---Market Equilibrium and Prices
Closing---Begin class debate on Minimum Wage (Price floor)
Homework: None