4. We will be using Cornell Note Taking Format Today! Smile and “Own the Day! Take one step at a time to Success in Economics class!

5. Unit Two: Learning Objectives: North Clackamas School District Social Studies Priority Standards: HS.51 (A): Explain how supply and demand represents economic activity and describe the factors that cause them to shift.

6. Lesson Five: Daily Learning Target I Can define and explain in writing the following key Economic concepts:  Supply Shifters “R-A-T-S-N-E-S-T”

8. Bread Butter

9. P1P1 QS 1 S P1P1 S Let’s Make More!! Take it. We are losing money.

11. Supply Shifters

13. Bigger supply of games Decr in “S” of broccoli Up down

14. Wages S S S P

15. Wages S1S1S1S1 P

16. S1 P

17. P1 QS1 I only have 200 acres S S1S1S1S1 P QS1 QS1 S1S1S1S1 P S Producers want to produce more of the good where price is increasing, or at least, where the price is not going down. P2 QS2 QS2

18. P Supply of broccoli P S1S1S1S1

20. S1S1P Q $50 $50 Supply of FB games increased when the UFL was formed. S2S2S2S2 QS 1 T he UFL has teams in these 5 cities. 1.*Las Vegas Locos 2. NY Sentinels 3. Florida Tuskers 4. S acramento Mountain Lions 5. Hartford Colonials *Champs for 2009 Supply of FB games each week UFL [United Football League] 5 Teams on HD Net There was a new USFL in 2011 with 10-12 teams.

22. S1S1P Q $2.00 S3S3S3S3 QS 1

23. S1S1S1S1 S2S2S2S2

24. S3S3S3S3 P S1S1S1S1 S2S2S2S2

25. [Inverse] P S1S1S1S1

28. SUPPLY PRACTICE:  WHEN YOU ARE FINISHED….Skim through Chapter 5 (page 123-128)Answer questions 3-9 (page 128) on a piece of notebook paper and turn directly into me today. THIS CAN BE DONE IN PARTNERS!  Pick up todays graphing worksheet from me. Work on this independently. Turn directly into me. I want to personally check your level of understanding on these concepts.