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Week 15/ November 13 to November 17

November 13 2017

Essential Question:

SSEMI3 The student will explain how markets, prices, and competition influence economic behavior.

a. Identify and illustrate on a graph factors that cause changes in market supply and demand.

 

EQ: How do buyers and sellers create the forces of supply and demand in a market economy?

Activator:

Socrative Quiz that covers shifting both Supply and Demand.

Students will also be asked to take a sheet and divide it into 4 squares.  They will be asked to draw and increase and a decrease in supply and demand.  All labels, Price and Quantity, and increases and decreases must be shown.  This along with the determinants sheets will help on this activity today.

Teaching Strategies: 

Based on socrative students will be grouped in pairs.  Students will work on shifting both Supply and Demand together.  After students complete first 3 problems, they will send someone to have their work checked.

Students will complete worksheet by end of class.

Worksheet is available under Unit 4 Microeconomics folder entitled shifting Supply and Demand Practice.

Practice CLICK HERE

Summarizer:

Answer any final questions on shifting supply and demand.

 

November 14 2017

Essential Question:

SSEMI3 The student will explain how markets, prices, and competition influence economic behavior.

a. Identify and illustrate on a graph factors that cause changes in market supply and demand.

EQ: How do buyers and sellers create the forces of supply and demand in a market economy?

Activator: 

Introduce Project.  Based on Socrative taken in previous class and in class work, reassign or keep partners for 2 day project.

Teaching Strategies: 

Students will find articles and events that relate to shifts in supply and demand.  With partners they will explain the event, graph the shift and explain all implications.  Project is explained in detail in Project instructions.

Project is available under Unit 4 Microeconomics entitled Changes in Supply and Demand Assignment, Changes in Supply and Demand Project, Shifting Project Score Sheet.

Assignment CLICK HERE

Project CLICK HERE

Score Sheet CLICK HERE

Summarizer:

Teacher Check of work.

 

 

 

November 15 2017

Essential Question:

Activator:

Reminders for project requirements and answer any questions.

Teaching Strategies: 

Students will find articles and events that relate to shifts in supply and demand.  With partners they will explain the event, graph the shift and explain all implications.  Project is explained in detail in Project instructions.

Project is available under Unit 4 Microeconomics entitled Changes in Supply and Demand Assignment, Changes in Supply and Demand Project, Shifting Project Score Sheet.

Summarizer:

Students will submit work.

 

November 16 2017

Essential Question:

SSEMI3 The student will explain how markets, prices, and competition influence economic behavior.

a. Identify and illustrate on a graph factors that cause changes in market supply and demand.

EQ: How do buyers and sellers create the forces of supply and demand in a market economy?

Activator:

Students will be given three scenarios and have to determine if supply or demand is being shifting, and identify what the determinate is. (Create scenarios)

Students will then graph the shifts.  Teacher check or graphs.

Teaching Strategies: 

Students will use Nearpod practice to practice and review shifting supply and demand.  Nearpod Code: Shifting both Supply and Demand

After first Nearpod students who need additional guided practice will be assigned a nearpod that covers basics, such as vocabulary and shifting. Nearpod Code: CP Shifting Supply and Demand

Students who succeed on first Nearpod will be allowed to work on the study guide.  Study Guide is available under Unit 4 Microeconomics folder entitled Supply and Demand Part 2 Study Guide.

Study Guide CLICK HERE

Summarizer:

Provide guidance for quiz.

 

November 17 2017

Essential Question:

All Supply and Demand Shift EQs and Standards Apply/ Quiz Day

Activator:

Review of material on quiz and summation of all important points dealing with shift in supply and shift in demand.

Teaching Strategies: 

Students will explore scenarios and determine what the determinate is as a review before the quiz.  Assignment is available under Unit 4 Microeconomics entitled determinant of supply and demand practice.pdf.  Time will also be spent making sure students label graphs and shifts correctly.

Students will then take a quiz that covers  Supply and Demand Shifts.

Summarizer:

Go over quiz.

 

(push to following week after Thanksgiving)

November 17 2017

Essential Question:

SSEMI3 The student will explain how markets, prices, and competition influence economic behavior.

c. Define price elasticity of demand and supply.

EQ:  How can we measure a consumer or producer’s response to a change in price?

Activator:

Elasticity question related to expansion of Railroad.

Teaching Strategies: 

Students will be introduced to the concept of Elasticity of Demand and Supply.  Students will (it time) complete a worksheet on Elasticity.

Presentation is available under Unit 4 Microeconomics entitled Price Elasticity Presentation.  Practice is available under Unit 4 Microeconomics entitled Elasticity Practice.

Presentation CLICK HERE

Note sheet CLICK HERE

Practice CLICK HERE

Summarizer:

Students will take socrative covering elasticity (Depending on time Socrative may be given at the beginning of the next class)

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