Demand, Supply, and GDP
Post date: Nov 28, 2016 3:19:03 PM
CE.E.1.1 Compare how individuals and governments utilize scarce resources (human, natural and capital) in traditional, command, market and mixed economies.
CE.E.1.2 Analyze a market economy in terms of economic characteristics, the roles they play in decision-making and the importance of each role (e.g., private property, free enterprise, circular flow, competition and profit motive, and allocation of resources via the price system).
Mon, Nov. 28
Intro to competition types
Types of Competition---conclusion
Intro to Demand
"Trash of the Titans"--Trade-offs and opportunity cost review
Tues, Nov. 29
Demand Practice
Intro to Supply
Finish Trade-Off review
Intro to Business Fair
Wed, Nov. 30
Supply Practice
We the Economy clip
Combining Demand and Supply
GDP explained and compared
Thurs, Dec. 1
Supply and Demand practice
Intro to Minimum Wage
GDP and Minimum Wage
Fri, Dec. 2
Finish Supply/Demand practice
Minimum Wage video
Due soon:
Chp. 21 Quiz on Tues, Nov. 29
Chp. 22 Quiz on Fri, Dec. 2
Business Fair on Fri, Dec. 9
Register your business using this form. Only 6 groups can sell food.