ECONOMICS FOR THE WEEK STARTING 3/31/14 MONDAY DAY 1 3/31 TUESDAY DAY 2 4/1 WED. Day 1 4/2 THURSDAY Day 2 4/3 FRIDAY Day 1 4/4 CLASS: CLASS: 1. Creating a Market Ad Campaign (Presentations) 2. Notes: Supply and Determinants of supply CLASS: CLASS: CLASS: CLASS OBJECTIVES: VOCAB: 1. Notes: Supply and Determinants of Supply CLASS OBJECTIVES: CLASS OBJECTIVES: 1. Students will identify the law of supply and the impact on the market 2. Students will be able to explain and illustrate supply schedules and curves 3. Students will understand impact of production costs and supply changes CLASS OBJECTIVES: VOCAB: Law of Supply Supply schedule and curve Regulation Variable Costs Marginal Costs Fixed Costs Subsidy VOCAB: VOCAB: CLASS OBJECTIVES: 1. Students will identify the law of supply and the impact on the market 2. Students will be able to explain and illustrate supply schedules and curves 3. Students will understand impact of production costs and supply changes Law of Supply Supply schedule and curve Regulation Variable Costs Marginal Costs Fixed Costs VOCAB: Short Run Long Run Total Cost Total Revenue PRACTICE: PRACTICE: Read Ch. 5 (Section 1; pg. 98103) Subsidy Short Run Long Run Total Cost Total Revenue PRACTICE: PRACTICE: Read: Ch. 5 / Sec. 2 -3 (pg. 104111) PRACTICE: