ECONOMICS WEEK 10
10/29/07-11/2/07

CLASS

 Monday 10/29
Schedule		 Tuesday 10/30
Schedule		 Wednesday 10/31
Schedule		 Thursday 11/1
Schedule		 Friday 11/2
Schedule
E X Lesson 1 Lesson 2 Lesson 3 X
CHAPTER 6
CONCEPTS AND VOCABULARY
 

EQUILIBRIUM
SURPLUS
SHORTAGE
PRICE CEILING

 PRICE FLOOR
RENT CONTROL
MINIMUM WAGE
SEARCH COSTS

SUPPLY SHOCK
BLACK MARKET
RATIONING
SPILLOVER COSTS
LESSON IN CLASS HOMEWORK
Lesson 1
  • Surplus and Shortage
  • Price Ceilings and Price Floors
  • Black Markets

 

 Read: Chapter 6, Section 2. 

GRQ Packet: Activity 15, Section 2 Guided Section 2 Quiz

Answer: Key Terms 1,2, 4
from Chapter 6, Section 2, page 137.

Answers must be in IYOW.

This assignment is to be posted on the Blackboard Discussion Board by midnight, Sunday, November 4.
Lesson 2
  • Role of Prices
  • Changes in Market Equilibrium
  • Profits and Efficiency
  • Market Failure:  External Costs and Asymetric Information

 

 Read: Chapter 6, Section 3. 

Answer: Key Terms 1-4, 6
from Chapter 5, Section 3, page 144.

Answers must be in IYOW.

This assignment is to be posted on the Blackboard Discussion Board by midnight, Sunday, November 4.
Lesson 3 Bring:  Pencil for Econ U$A quiz.

GRQ Packet: Section 3 Guided Reading, Section 3 Quiz

Answer: Discussion Questions from "Changes in Market Equilibrium" online.

Answers must be in IYOW.

This assignment is to be posted on the Blackboard Discussion Board by midnight, Sunday, November 4.