Honors Econ - Week 3: Jan 23 - Jan 27

Monday:

1. Journal - How do you think demand is related to price?
2. Turn in Website Project from Unit 1
3. Notes – Demand (Chapter 4 section 1 and 2)
4. Movie Demand worksheet
5. Determinants of Demand Group Work
6. DIGI Questions

Tuesday:

1. Journal - What is the difference on demand between complimentary and substitute goods? Give Examples.
2. DIGI Review
3. Notes – Supply
4. Stossel Video – Farm Subsidies (Stossel 2010)
5. Determinants of Supply Group Work
6. Worksheet: Movie Supply
7. DIGI Questions

Wednesday:

1. Journal - How is working with “Supply” different from working with “Demand”?
2. DIGI Review
3. Notes – Equilibrium Price
4. Video Clip Supply and Demand
5. Stossel in the Classroom Clip – Costs of “Free” Healthcare
6. Equilibrium Price Group Work
7. Worksheet: Reasons for Changes in Supply/Demand
8. DIGI Questions

Thursday:

1. Journal - Why is it not always best to just making as much of something as you can?
2. DIGI Review
3. Notes – Demand Elasticity (Chap 4 section 3)
4. Elasticity of Demand Video Clip
5. A Market in Wheat Simulation
6. Elasticity of Demand Worksheet
7. Worksheet - Graphing “A Market in Wheat”/Supply and Demand (Movie Prices)
8. DIGI Questions

Friday:

1. Journal – Describe “demand elasticity” in your own words.
2. DIGI Review
3. Notes on Floors and Ceilings
4. Video Clip on Price Gouging  (Stossel 2007)
5. Price Controls Worksheet
6. Worksheet on Combining S&D/Changes in Market Equilibrium
7. DIGI Questions