1. FRQ Friday: PPC and comparative advantage
AP ECONOMICS: January 29
Warm-up: Draw two graphs, one illustrating a change in quantity demanded and one a change in demand --income effect vs. change in income --substitution effect vs. change in P of substitutes --check Worksheet 5.5 (HO from last class)
Learning Target: In order to establish a thorough understanding of the workings of a free market economy, I will learn the principles of supply. I will know I have it when, on a supply graph, I can: (1) differentiate between a change in quantity supplied vs. a change in supply; and (2) accurately shift supply curves given various supply curve shift scenarios. See new HO packet for following items
--Supply: Introductory video ; Supply notes: the S schedule; the S curve; movements along the S curve; shifts of the S curve --begin working on Worksheet 6.4 (HO) Closure: What causes the Law of S vs. the Law of D?
Assignment:
--make sure you have read Module 6
FRQ Friday: PPC and comparative advantage