Tuesday/Wednesday November 29-30

Today we played the Big Apple Game in class.  Data to be done next class.  See me if you missed

Monday November 28

Today we finished the Elasticity worksheet and completed the questions below

Calculate the Elasticity of Demand and determine whether the demand is elastic, inelastic, or unitary elastic for the following questions

1. When price of a deluxe car wash rises from $10.00 to $11.00, the number of daily customers falls from 60-48.

2. A dentist with 80 patients cuts his fee for a cleaning from $60.00 to $54.00.  He now goes from 80 patients to 92.

3. An airline raises their baggage fees from $50 to $65, the number of flights drop from 100/day 88/day.

4. Price for a bushel of apples decreases from $4 to $3.  The number of bushels sold increases from 32-45.

5. A newsstand sells magazines for $2/magazine and will sell 100 at this price.  They raise their price 50% and in turn sell 50% less magazines.

6. Ashley raises the price in slices of pizza from $1.00 to $1.50; consequently she sells 3 slices instead of 4.

Thursday/Friday November 17-18

Today we took a Supply/Demand Quiz- See me after the break to make it up!

Read and take notes pp 90-92
Pay special attention to the following 3 items on pages 91
1. Elastic
2. Inelastic
3. Unitary Elastic

Page 92 has two equations for elasticity.  Use the examples on page 92 for any help on how to find elasticity.

Elasticity Worksheet

Tuesday/Wednesday November 15-16

Supply and Demand Worksheet

Supply and Demand Shifts

Monday November 14

Read Oil Supply Article.  Circle any vocabulary type words and underline any evidence that supports the question for each section. Answer each of the questions in bold about the article.

Watched short video explaining supply and demand
https://www.youtube.com/watch?v=RP0j3Lnlazs

REMINDER: TOMORROW IS THE LAST DAY TO TURN IN ANY MAKEUP/MISSING WORK!!!

Wednesday/Thursday November 9-10

Demand Curves Question

Supply Notes

Supply Reasons Worksheet

Monday/Tuesday November 7-8

Intro to Demand Notes

Intro to Demand Worksheet

Last day to turn in makeup work for this 6 week grading period is Tuesday November 15th

Thursday/Friday November 3-4

Unit 2 Exam

Tuesday/Wednesday November 1-2

Exam review-  Exam next class!

1.  Explain the role and importance of financial intermediaries in an economic system and their involvement in investing.

• Mutual Funds
• Financial Assets
• Diversification
• Portfolios
• Risk and Liquidity

2.  Compare and contrast the structure of bonds and money markets and the role each play in the financial system.

·         ·         Coupon Rate

• Maturity
• Par Value
• Types of Bonds
• Standard & Poor
• Types of Markets

3.  How is stock performance measured? What information can indexes give perspective investors?

• Risks
• Brokers/Firms
• Stock Exchanges
• Bull/Bear
• Dow/S&P 500

4.  Analyze the events of the Great Crash of 1929.

• Early 1920’s Stock Market
• Speculation
• Wealth Distribution
• Surplus of Goods
• Buying on the Margin
• Repayment of Loans