HONORS ECONOMICS WEEK 8
10/8/07-10/12/07

CLASS

 Monday 10/15
Schedule		 Tuesday 10/16
Schedule		 Wednesday 10/17
Schedule		 Thursday 10/18
Schedule		 Friday 10/19
Schedule
F Lesson 1 Lesson 2 Lesson 3 X Lesson 4
G X Lesson 1 Lesson 2 Lesson 3 X
H Lesson 1 X Lesson 2 Lesson 3 Lesson 4
CHAPTER 4 CONCEPTS AND VOCABULARY

DEMAND
QUANTITY DEMANDED
MARGINAL UTILITY
NORMAL GOOD
INFERIOR GOOD

 SUPPLY
QUANTITY SUPPLIED
TAXES
SUBSIDIES
SUBSTITUTES
COMPLEMENTS

MARKET
COMPETITION
NON-PRICE DETERMINANTS
EQUILIBRIUM
SHORTAGE
SURPLUS
LESSON IN CLASS HOMEWORK
Lesson 1
  • Market Equilibrium
  • Market Equilibrium Worksheet

Read:  Text, Chapter 4, pg. 81, In the News; “Mother Nature Shifts the Supply Curve”

Bring:  Pencil for worksheet.

PAA:  # 1, 7, 8, 10  pg. 86-87

You do NOT have to use graphs, but all answers must be IYOW.

This assignment is to be posted on the appropriate Blackboard Discussion Board  by Midnight, Sunday, October 21.
Lesson 2
  • Market Failures: Externalities, Asymetric Information, Public Goods, Imperfect Competition, Business Cycles
  • Trading Places
 Bring:  Pencil for Trading Places Quiz.
Lesson 3
  • Review for Chapter 4 Test
  • Practice Essays

Bring:  Pencil for practice essays.

Review Chapter 4; use online chapter notes, Blackboard course materials, and Textbook site practice section quizzes.
Lesson 4
  • Chapter 4 Quiz
  • Complete Blackboard Assignments
 Bring:  Pencil for Chapter 4 scantron quiz; this quiz will consist of 25 multiple choice questions from Chapter 4.