ECONOMICS WEEK 7
10/10/07-10/12/07

CLASS

 Monday 10/10
No School		 Tuesday 10/11
No School		 Wednesday 10/12
Schedule		 Thursday 10/13
Schedule		 Friday 10/14
Schedule
E X X Lesson 1 X Lesson 2
CHAPTER 5
CONCEPTS AND VOCABULARY

SUPPLY
QUANTITY SUPPLIED
MARGINAL COST
DIMINISHING RETURNS
INCREASING COSTS

 LAW OF SUPPLY
SUPPLY CURVE
FIXED COST
VARIABLE COST
MARGINAL PRODUCT

TAXES
SUBSIDY
REGULATION
PROFIT OPPORTUNITY
TECHNOLOGY
LESSON IN CLASS HOMEWORK
Lesson 1
  • Review Chapter 4 Test

 

Read: Chapter 5, Section 1. 

Answer: Key Terms 1-3
Applying Economic Concepts 5
from Chapter 5, Section 1, page 106.

Answers must be in IYOW.

This assignment is to be posted on the Blackboard Discussion Board by midnight, Sunday, October 14.
Lesson 2
  • Supply
 GRQ Packet: Handout "Understanding Supply", Activity 17, Section 1 Quiz