August 14-18

Monday:

1. Journal - How do you think demand is related to price?
2. Turn in Website Project
3. Notes – Demand (Chapter 4 section 1 and 2)
4. Movie Demand worksheet
5. Determinants of Demand Group Work
6. DIGI Questions

Tuesday:

1. Journal – Explain how complimentary and substitute goods affect demand differently. Use Examples.
2. DIGI Review
3. Notes – Supply
4. Stossel Video – Farm Subsidies (Stossel 2010)
5. Determinants of Supply Group Work
6. Worksheet: Movie Supply
7. DIGI Questions

Wednesday:

1. Journal - How is working with “Supply” different from working with “Demand”?
2. DIGI Review
3. Notes – Equilibrium Price
4. Video Clip Supply and Demand
5. Stossel in the Classroom Clip – Costs of “Free” Healthcare
6. Equilibrium Price Group Work
7. Worksheet: Reasons for Changes in Supply/Demand
8. DIGI Questions

Thursday:

1. Journal - Why is it not always best to make as much of something as you can?
2. DIGI Review
3. Notes – Demand Elasticity (Chap 4 section 3)
4. Elasticity of Demand Video Clip
5. A Market in Wheat Simulation
6. Elasticity of Demand Worksheet
7. Worksheet - Graphing “A Market in Wheat”/Supply and Demand (Movie Prices)
8. DIGI Questions

Friday:

1. Journal – Describe “demand elasticity” in your own words.
2. DIGI Review
3. Quiz on Determinants of S&D
4. Notes on Floors and Ceilings
5. Minimimum Wage (Stossel Econ Comes Alive)
6. Price Gouging  (Stossel 2007)
7. Price Controls Worksheet
8. Worksheet on Combining S&D/Changes in Market Equilibrium
9. DIGI Questions