unit 2: supply and demand
Date |
Agenda |
Homework |
IB HL |
9.13.17 |
Review exam 1 results Equilibrium simulation, consumer and producer surplus, allocative efficiency, begin demand (income effect, substitution effect) presentation APE 1.4 |
Notes modules 6 and 49 MC module 5 |
|
9.15.17 |
Supply and demand presentation Supply and demand handouts |
Notes module 7 MC modules 6 and 49 |
Read about linear demand and supply functions in IB Course Companion Watch video about Paper 3s Quantitative Economics pp. 3-10 |
9.19.17 |
Supply and demand presentation Supply and demand handouts |
Notes modules 46 and 47 MC module 7 |
Finish workbook questions |
9.21.17 |
Practice graphing (hamburgers, markets interact outside) Simultaneous shifts Marginal utility and law of demand |
Study for quiz #3 (EconLowdown lesson if you want) |
|
9.25.17 |
Quiz #3 (supply and demand) Price elasticity of demand, total revenue test presentation |
Notes modules 48 and 50 MC modules 46 and 47 |
|
9.27.17 |
Other elasticities presentation |
Notes modules 8 and 9 MC modules 48 and 50 |
Quantitative Economics pp. 11-15 |
9.29.17 |
Tax incidence and deadweight loss Price floors and ceilings |
Notes module 51 MC modules 8 and 9 Study for quiz #4 |
Quantitative Economics pp. 16-32 |
10.3.17 |
Quiz #4 (elasticities, tax, floors and ceilings) Utility maximization Review for exam #2 |
MC module 51 Study for exam #2 |
|
10.5.17 |
Exam #2 Introduce product markets |
Notes module 57 |