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!
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.
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”
Bread Butter
P1P1 QS 1 S P1P1 S Let’s Make More!! Take it. We are losing money.
Supply Shifters
Bigger supply of games Decr in “S” of broccoli Up down
Wages S S S P
Wages S1S1S1S1 P
S1 P
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
P Supply of broccoli P S1S1S1S1
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 teams.
S1S1P Q $2.00 S3S3S3S3 QS 1
S1S1S1S1 S2S2S2S2
S3S3S3S3 P S1S1S1S1 S2S2S2S2
[Inverse] P S1S1S1S1
SUPPLY PRACTICE: WHEN YOU ARE FINISHED….Skim through Chapter 5 (page )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.