ECONOMICS JOURNAL

WEEK OF 02/03 – 02/07

LEARNING GOALS:

Explain law of supply and factors that determine shift in the market

Illustrate shifts in the market by graphing market scenarios

Econ Current Event

Journal– Title and author of article from AZ Daily Star 02/02/14

What does the information and data imply about the housing market in Arizona (2)?

Describe 2 suggestions to improve Arizona’s financial health . Agree/Disagree and explain your response.

Agenda: 02/04– 1st / 2nd

Journal: Copy lyrics and practice supply side electric slide

Buddy Up and Choose a poem/song/rap/commercial or TV theme song to use to illustrate the factors that shift markets (supply and demand) Due Day 3

Supply Practice Exercises on White Board.

Journal: Intro to EquilibriumLearning Goals:

Define and graph market equilibrium, surplus vs. shortage

Graph impact of shifts in supply and/or demand on Equilibrium Price and Quantity

Supply and Demand PracticeOn Laptops– Go to Outlaw Class Wiki site/

Economics Page and click on link : REFFONOMICS SITE FOR SUPPLY AND DEMAND Q;S

ANSWER QUESTIONS 1-10 ON SEPARATE SHEET OF PAPER.

DRAW GRAPH. ID DETERMINANT/SHIFT AND IMPACT ON PRICE AND QUANTITY.

Economics Journal 02/05

Read article on CBO Report@ Obamacare and summarize and annotate main ideas (include What? Why? Impact? Rep vs. Dem spin, other +/- Economic News in report both short and long term.

02/06-----Quick Quiz--Equilibrium

Graph and explain how markets reach their equilibrium.

How does “Smith’s” invisible hand drive markets naturally towards the equilibrium point?

Agenda 02/06

THE TASK: Illustrate changes in equilibrium determined by shifts in the market

THE TOOLS: QUICK QUIZ

Submit plan for mnemonic device with table partner –song lyric, commercial jingle, rap, poem.

Create a note card to guide practice graphs

Practice determining new equilibrium pt and impact on Price and Quantity

ECON AGENDA DAY 4- 2/6THE TASK: Illustrate changes in equilibrium determined by

shifts in the market

THE TOOLS: QUICK QUIZ

SUPPLY SIDE ELECTRIC SLIDE--- OUTSIDE

--Partner up and pick a song lyric, rap, poem or commercial jingle to help you remember the market conditions that shift the supply curve.

Create a note card to help you remember your P’s and Q’s