Micro Unit 4:

Exercises 43 - 51  (No 50)

         

Day 1:  November 2
          
Use activity 43 to Go over circular flow diagram
          
Intro Factor markets v. product markets
           D
ifference between monopoly and monopsony
              
Do Act 43 in class
           
    Read 393-400 for day 2

 Day 2: November 5
    
Complete Marginal Productivity Theory (Unit 4 lesson 2)
      Act 44 and 45 for Day 3
       pp. 400-410 for day 3

 Day 3: November 6 
     
Lesson 3: Monopsony
                     Least Cost and Profit Maximization rules
       Read p. 639-643 for day 4   
      Act. 46, 47 and 48 for day 4  
     
Day 4: November 7
      Complete  
Least Cost and Profit Maximization rules
     
Day 5: November 8
      Time Value of Money
      read 629-635
for day 6 

 Day 6:  November 9
       
 How Minimum wage affects monopsony? (Lesson 5)
        
Unions (Lesson 6)

         Act 49 for day 8
        
Day 7:  November 12
    
    Interest and Rent  
        Act 51 for day 9

    
Day 8:  November 13
      
Lesson 4 on rent, interest and profits  
    
Day 9:  November 14
      Catch up and review
    
Day 10:
November 15 
    
Multiple Choice Test over Unit 4

Day 11: November 16
    
Free Response over Unit 4    

     

 

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