1. Chapters 4-6 Test is Tue. (Ch. 4-6 Warm-ups due on test day)
ECONOMICS: September 27
Warm-up From memory, list three things that can shift the demand curve and three things that can shift the supply curve.
Learning Target In order to better understand how prices affect the marketplace, I will be able to explain the concept of market equilibrium. I will know I have it when, on a S and D graph, I can show: (1) market equilibrium; (2) a shortage; (3) a surplus; and (4) a change in equilibrium P and Q due to changes in S and D.
Ch. 6, Lesson 2 Student Lecture Guide (HO)
--voluntary exchange in a market economy leads to compromise -market equilibrium graph!; surplus and shortage (trial and error to get rid of surplus/shortage); Equilibrium, Surplus, and Shortage (begin at 2:50) Closure Shifting Curves Causing a Change in Equilibrium
Assignment Read Ch. 6, Lesson 3
Chapters 4-6 Test is Tue. (Ch. 4-6 Warm-ups due on test day)