Name:____________________________________
Block:___________
Unit 2 – ECONOMICS
Learning Targets
How will it be
addressed?
Text Sect/Pages
Question to Answer
1)Chapter 4 – Demand - Explain the law of demand; The
affect Marginal Utility has on Demand
Ch4/S1/PG 92-95
Lecture, Video, Group
work
Illustrate and explain
the Law of Demand?
2) Learn Demand and the factors that cause changes in it
Ch4/S2/PG 99-101
Lecture, Discussion,
Video
3) Define & Explain the Elasticity of Demand, and how they
are determined.
Ch4/S3/PG 103109
Lecture, Discussion,
HW:PG 112 #17-24
Explain the factors that
cause demand to
change
Compare the 3 types of
demand elasticity?
4) Chapter 5 - Supply-Define & Explain Supply; Causes it to
Change; Measure Elasticity
Ch5/S1/PG 117125
Discussion, Video,
Activity
Illustrate and explain
the law of supply?
5) Explain the Production Function and its Stages
Ch5/S2/PG 127130
Lecture, Activity,
Group work
6) Interpret how Cost, Revenue are used to Maximize
Profit
Ch5/S3/PG 132137
Lecture, Discussion,
HW:PG 140 #19-28
Create a scenario where
the stages of
production are used?
Explain how profit can
be maximized?
7) Chapter 6 – Pricing & Decision Making -Explain the
decision making process for creating prices; Advantages
Ch6/S1/PG 143146
Discussion, Group
Work
How does an economy
decide on prices?
8) Interpret the working process of the Price System
CH6/S2/PG 148154
Discussion, Video,
Group Work
Explain the advantages
of a pricing system?
9) Analyze how social goals and market efficiency effect
economy
CH6/S3/PG 156161
Lecture, Discussion,
HW:PG 164 #8-16
10) Chapter 7 – Market Structures-Evaluate the different
types of Market Structures; Requirements of Each
CH7/S1/PG 169177
Read, Discussion,
11) Causes of Market Failures
CH7/S2/PG 179183
Discussion, Video,
Activity
Explain some social
goals that affect the
economy.
Indicate the differences
in the types of Market
Structures?
Explain what causes
markets to fail?
12) How the Federal Government works to maintain
competition
CH7/S3/PG 185189
Discussion, Groups,
HW:PG 192 #17-28
What roles does the
government play?
KEY TERMS
1) Microeconomics
6) Short-run
11) Marginal Analysis
2)Law of Demand
7) Long-run
12) Equilibrium Price
16) Price Floor
17) Market Structure
3)Marginal Utility
8) Marginal Product
13) Surplus
18) Product
Differentiation
4) Elasticity
9) Fixed Costs
14) Shortage
5) Law of Supply
10) Variable Costs
15) Price Ceiling
19) Price-Fixing
20) Externality
Activities/Videos/Instruction
Supply & Demand Videos
Invention Convention
Marginal Utility Activity
JOURNAL
Each day you will journal in this section of your notebook answering these
questions about today’s learning targets:
1) Answer Questions associated with today’s lessons.
2) Then Answer this question: What did I learn today?
3) Then Answer: How can I use what I learned today in my future?
4) My Costa Question:
a. My Questions Answer:
CONCEPT MAPS
Key Terms will be due upon completion of the unit, so each day you will need to
complete an appropriate number to stay on pace for the end of the unit.
1) Key Terms will be done in the form of a concept map. A concept map
includes the word, text definition, min of 3 synonyms’, picture, and the
definition in your own words that will help you remember it on the tests.
2) Example:
Definition from
text/notes
Min of 3 synonyms
Word
Picture
Definition in your own
words that will help you
remember it for the test.
3) This diagram can be accessed using word. Go to Insert, Smart Art, Matrix and
choose it. If you choose to do this layout in MS Word, you need to put as
many words possible on a page.
a. CHOICE: Concept Maps can be done in MS Word, or by drawing it out
on your notebook paper.
NOTES
Cornell style notes with a minimum of 5 sentence summary will be due for each
chapter in the unit.
HOMEWORKS
Homework assignments can be found on this learning target handout. One
homework for each chapter will be required.