1. AP ECONOMICS: September 10
Warm-up #1 Draw four graphs for bicycles (1) increase D; (2) decrease D; (3) increase S; (4) decrease S. Give a justification (hypothetical reason for the shift) for each. Warm-up #2 Draw two demand graphs—one for Coca-Cola and one for Pepsi-Cola. Show how an increase in the price of Pepsi-Cola impacts both graphs.
--check Worksheet 5.5 (HO from earlier) --check Worksheet 6.4 (HO from earlier)
Learning Target In order to establish a thorough understanding of the workings of a free market economy, I will analyze market equilibrium. I will know I have it when, on a supply and demand graph, I can show and explain an example of: (1) equilibrium; (2) a surplus; and (3) a shortage.
--Worksheet 7.1 (HO)—work together (full class) --Worksheet 7.3 (HO)—pair up and practice
Assignment Read Module 7; GC videos
Thursday: FRQ #1 (Production Possibilities) & FRQ #2 (Comparative Advantage) Friday: MCT #1