Micro Unit 2: Supply and Demand

Chapters 4-7
Activities 9-23 (act. 21 with unit 5)

 

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   Micro Unit 2 Notes

 Day 1: Monday 8/26
    
Notes on Market, Demand, and Quantity demanded, Demand Schedule, Demand Curve, Income and Substitution Effect and Utility (total utility, marginal utility and Law of diminishing marginal utility) 
         Assign pp 63-66 for day 2 
         Assign pp 67-71 for day 3
         Assign Act 11 (calculator needed) for day 4
        
         Assign Activity 9 (part a and b) for day 5
                                         

Day 2:  8/27
    Quantity
Demanded and Demand
  
       
Assign Activity: 10 for day 4  (only if finished determinants of demand)

 Day 3: 8/28
   
Notes on Supply and Determinants of Supply,  the equilibrium point, surplus, shortage, change in Supply and change in Demand 
          Assign pp. 77-83 and 113-124 for day 6

Day 4:  8/29
    A Market in Wheat.

           Assign p. 85 Problems and Practice #1 and 2 for day 8

9/1 is a holiday

Day 5:  9/2
      Finish A Market in Wheat and discuss findings

Day 6: 9/3
     Floors, Ceilings, consumer surplus, producer surplus, changes in supply and changes in demand
     
Assign Act: 12-13 for day 8 

Day 7: 9/4
      Consumer and producer surplus with price ceiling
       Do act. 14 in class for day 9 
     
Activity 22 for day
9

Day 8: 9/5
      
Read Chapter 7 pp 137-154 for day 10
     
       
Day 9: 9/8 
      Do Act 15 and 16 in class for day
10
       
     Assign reading Chapter 5 pp. 89-99 for Day 11   
      Elasticity of Demand
             Assign reading pp 99-108 for day 12

Day 10:  9/9
    
Elasticity
 
Day 11: 9/10
   
Elasticity                                     

Day 12: 9/11
   
Finish Elasticity
       Assign Act 17-20 for Day 14
      Assign cht. 5 p. 109  Problems and Applications #1,4,9 and 10 for day 14                                

Day 13:  9/12
    
Assign Act 23 for in class work                      

Day 14:  9/15
    
Complete Act 23 in class

Day 15:  9/16
      What to expect from them on Free Response test.
       May only write in blue or black ink.

 Day 16 9/17
      
Extra day for review and/or catch up 

 Day 17: 9/18
      
Unit 2
M.C. Test

Day 18: 9/19
      
Unit 2  Free Response Test