Monday December 12

Create a Classification Organizer for Taxes with 3 sub groups (Progressive, Regressive, Proportional) For each type of tax, tell me 3 things that the government uses that particular money for. pp 360-362.  Also write down the 4 characteristics of a good tax (361-2)!

Friday December 9

Intro To Taxes Notes

Tuesday/Wednesday December 6-7

Supply and Demand Exam

Monday December 4

Supply and Demand Rap Songs

Test Tomorrow!!!  Make sure you know the information below for the test!

Review Sheet

Law of Supply        Law of Demand      Elastic/inelastic        Equilibrium             Supply Schedule     Income Effect         

Ceteris paribus        inferior goods         Disequilibrium        price ceiling             price floor               Demand Schedule                  

Elasticity of Demand- (equations- p.92)                               

Determinants of Demand (income, expectations, tastes/preferences, substitutes, complimentary, population)

Determinants of Supply (technology, inputs, # of firms, government taxes/subsidies, disasters)

How to graph a change in supply/demand and give reasons (p. 117 and p. 86)

Thursday/Friday Dec 1-2

Today we did the graphing from data taken off the Big Apple game.  If you missed class, you need to get the data from another classmate who was in class. 

Make 5 line graphs (one for each round)
Answer the following 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 (range=lowest price to highest)?

3.  Why do you think prices became more concentrated (close together) at times?  

4.  Why did high profit takers have success? Ask students who made lots of money what strategies they used.

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

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

Supply and Demand Rap Song

Create a Rap song about Supply and Demand.  The song must have 20 lines and be school appropriate.  This is a mandatory assignment.  You don't have to rap it in front of the class.  If you want 10 extra credit points then you can rap it! Due Monday.