Supply and Demand Jeopardy: https://drive.google.com/file/d/0B_gpVfHfuRG2YmVkSEJkNzFFVG8/edit?usp=sharing

TEST AND NOTEBOOK CHECK MONDAY!!!!!!

Big Apple Questions

1.  What is the price the apples are most frequently sold at in Round 3?

2.  In which round was there the greatest spread in price?

3.  Why did prices become more concentrated?

4.  Why did high profit takers have success?

5.  When half the sellers left the market, what changes did you experience?

6.  In Round 4 did prices go up?  If so, why?

7.  Can you relate the price changes in Round 4 to conditions in the national economy?

8.  What problems did you run into buying or selling?

9.  List 1 strategy that you employed to negotiate your prices.   Did your strategy work? Why or why not?

10. Based on your experiences in this game, explain the importance of supply and demand as a function of our society?

Exam Monday and Notebook check Monday

Unit 3 Notebook check
1. Demand Notes
2. Supply Notes
3. Supply Changes WS
4. 6.1 Questions
5. Elasticity Q's
6. Big Apple

Finished Big Apple Game

Graphing and questions tomorrow

Big Apple Game: See me for any makeup.  We are playing the game in class and will have questions/graphing when the game is completed.

Presented Rap Songs

HW:
PP. 98-99 #1-7, 10, 12
PP. 122-123 # 1-7, 11, 13

Supply/Demand Rap Song

Make a (school appropriate) rap song about supply and demand.
The song must be 20 lines long
It must rhyme.

You don't have to rap it to the class, HOWEVER, if you want 10 pts extra credit you can rap it to the class.

Elasticity Questions: https://docs.google.com/file/d/0B_gpVfHfuRG2TE9qcjZEaXY4LWs/edit?usp=drive_web

See Page 92 for examples on how to calculate elasticity

Today we took a quiz.  If you missed class today you need to see me upon return and take the quiz.

Notes on Elasticity:  Read pages 90-93(top half of 93) in your text and take Cornell Notes on Elasticity.  Pay special attention to page 92 as that page shows the formulas to calculate elasticity.

Equilibrium Notes- https://docs.google.com/file/d/0B_gpVfHfuRG2Z243aXR1ZXZyNVU/edit?usp=drive_web

Chapter 6 Section 1 Questions

1.     What is unique about an equilibrium price?

2.     What situation can lead to excess demand?

3.     What situation can lead to excess supply?

4.     How is a price floor different from a price ceiling? Give examples of each.

5.     How does rent control work?

6.     What are the benefits and drawbacks of a price ceiling?

7.     According to figure 6.2 on page 127, why are sales lower at $1.00 a slice than at $2.00 a slice?

8.     What are the benefits and drawbacks of a price floor?

9.     Turn to the graph of median weekly earnings on page 536 in the Databank.  Suppose that the federal government has raised the minimum wage to $600 per week.  (a) Which category of jobs would be least affected by the change? (b) Which two categories would be most affected by the new minimum wage? (c) What are the likely consequences for workers in these two fields?

Read the following pages and take notes (Shifts of a Demand and Supply Curve)  Make sure you understand the difference in each curve and how to graph a change in Supply/Demand.  Show on your notes the explanation of how to graph a change in Supply/Demand as well as a graphic example of both and increase/decrease in Supply/Demand

P 85-86- Demand Shifts
P 117- Supply Shifts

Supply Shifts Worksheet

Demand Shifts Worksheet

Supply Notes:https://docs.google.com/file/d/0B_gpVfHfuRG2RWlEdi1pemN1U0E/edit?usp=drive_web

Supply and Demand Concept Map-  See the example link below and make a Concept Map for both supply and demand

Concept Map

Netflix Demand DBQ

Demand Notes: https://docs.google.com/file/d/0B_gpVfHfuRG2bS1XbnNNVjdBZlE/edit?usp=drive_web

Exam today and Notebook check

Ch. 11 Jeopardy- https://docs.google.com/file/d/0B_gpVfHfuRG2aHBYRE5xa1p5MFk/edit?usp=sharing

Things to know for the exam

Be able to write about:
Financial Intermediaries
Why investing is important to our economy
Types of Bonds
Why diversification is important

Go through all of the key terms in chapter 11 and make sure you know them.
Lastly, look over the Jeopardy Power Point as all of those questions will be used on the exam

Today we conducted a Socratic Seminar.  If you missed class you need to write a 1/2 page paper on the importance of investing.

Saving/Investing Notes Cornell: https://docs.google.com/open?id=0B_gpVfHfuRG2d1pLekVUMl8zQ2c

Socratic Seminar tomorrow.

Why is investing important to an economy?

Per 3.
Notes on Bonds: https://docs.google.com/file/d/0B_gpVfHfuRG2MW9jWUhybjlpSWM/edit?usp=sharing

Per 6.
Stock Project (DUE MONDAY)

3rd Period:

Annotate Timeline

Create a Timeline of The Great Crash.  Read pp 290-291 for dates and events related to The Great Crash.  Explain significances and dates from this period of time.  Think about what the important concepts, ideas, events, people and places are and include in your timeline.  Be creative by using charts, drawings or illustrations.   

6th Period:
Stock Project in the computer lab

3rd Period: Last day in the lab to work on Stock Project.  Paper DUE FRIDAY!!!

6th Period:  We started the Stock Project today.  Look at Monday's blog for directions if you missed class.  We will be in the lab Thursday and Friday.
Paper DUE MONDAY for 6th period!