Week 2 – In Class

Soundtrack: Jessie J

Activities:

Welcome Quiz

Mini-lesson: Why Prices Matter in our Economic System

Shifting Practice

Demand & Supply Summary Sheet

Newspaper D&S Analysis

Individual Conferences on notes and opportunity cost paragraph

Exit writing

Terms: Demand, Supply, Quantity supplied, Quantity demanded, equilibrium, surplus, shortage, shift v slide, complement, substitute

Be able to:

Draw a correctly labeled graph

Analyze an event, do the appropriate shift and find the new equilibrium

See worksheet with answers. (emailed)

List the steps in the adjustment process from from one equilibrium to another

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