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Economics Agenda for 10/15 to 11/1 **Subject to Change** Friday, October 11, 2013/Tuesday, October 15, 2013: (Objectives: Students will be able to: 1) Analyze the relationship between Supply and Demand in setting market prices; 2) Create and Graph Supply and Demand schedules; and 3) Examine the impact of price ceilings and floors on markets) Welcome! Continue Exercise from last class---Graph results from previous class Go over strategies, results, etc. from Rounds 1-3 Textbook reading (Pairs)---What happens when Demand meets Supply? Conduct Rounds 4 and 5 Questions from TCI concluding activity Notes---Market Equilibrium and Prices Closing---Begin class debate on Minimum Wage (Price floor) Homework: None Wednesday, October 16, 2013/Thursday, October 17, 2013: Analyze the relationship between Supply and Demand in setting market prices; 2) Create and Graph Supply and Demand schedules; and 3) Examine the impact of price ceilings and floors on markets) (Objectives: Students will be able to: 1) Welcome! Friday, October 18, 2013/Monday, October 21, 2013: o Pick Up Exercise: Round 5 Questions; Graphs Pair Reading Sections 3 and 4--Notebook Handout on Equilibrium Price Review Handout Discussion: Role of Prices in Mixed Economy Section 6 of Chapter: Government Intervention Policies--Price ControlsClass Debate: Minimum Wage---Readings and Discussion Homework: 3-4 Paragraphs on Personal Opinion of Minimum Wage; Relate to Class; Use at least 2 sources (Objectives: Students will be able to: 1) Analyze supply and demand and how they lead to market equilibrium; and 2) Examine the impact of price ceilings and floors on markets)Welcome!Finish Supply and Demand Notebook Handout---SHIFTS IN BOTH CURVESReview WorksheetDiscussion: Role of Prices in Mixed EconomyReview Government Policies of Price ControlsDebate: Minimum Wage--Reading and DiscussionHomework: 3-4 Paragraphs on Personal Opinion of Minimum Wage; Relate to Class; Use at least 2 sources Tuesday, October 22, 2013/Wednesday, October 23, 2013: (Objectives: Students will be able to 1) Explain the characteristics that define market structure; and 2) Compare the major market structures and apply them to certain industries) Welcome! Preview--TCI---Starting a business Notes: Market Structures and Failures Activity: Group Case Study Closing Activity: Classroom Gallery Homework: Goods and Services---Which market structure best describes the industry Thursday, October 24, 2013/Friday, October 25, 2013: (Objectives: Students will be able to: 1) Identify major market structures; and 2) Create a graphic organizer that applies market structures to modern industries) Welcome! Warm Up: What are the four major market structures? Collect Homework/Review answers Group Activity: Create a Graphic Organizer for an Industry Closing Activity: Classroom Gallery Homework: NONE Monday, October 28, 2013/Tuesday, October 29, 2013: (Objectives: Students will be able to: 1) Review and Identify different market structures; and 2) Analyze externalities and public goods) Welcome! Class Activity: Market Structure Gallery Finish Notes: Externalities and Public Goods Small Group Activity: The Power to Choose---Global Warming, Reading and Questions Closing: Class Discussion on solution to Global Warming---What happens when markets do not work perfectly? Homework: Begin studying Wednesday, October 30, 2013/Thursday, October 31, 2013: (Objectives: Students will be able to: 1) Review the major concepts of Supply and Demand, Market Equilibrium, and Market Structures/Failures) Welcome! Warm Up: Question Writing----3 of them Answer Questions Quizlet---Sample Flash Cards Group Activity: Jeopardy Review Game Sample Test Questions: Work in Pairs Homework: STUDY---TEST NEXT CLASS! Friday, November 1, 2013/Wednesday, November 6, 2013: (Objectives: Students will be able to: Review the major concepts of Supply and Demand, Market Equilibrium, and Market Structures/Failures; and 2) Analyze the potential role for government in the economy) Welcome! Warm Up: 1-2 Things you remember from this unit Writing Activity: Best Example of Externality Pair Activity: Practice Test Review Parts of Practice Test Warm up to Next Unit: Government and the Economy Homework: NONE