The law of supply
As we watch the video, you will be answering questions on a Google Form which can be found here. Now that we've done demand, supply should be easy as we are dealing with the same things but from the producer's point of view rather than the consumer... and you have to know/do the same things - the law of supply (hint: it's the opposite of the law of demand!), draw a supply curve, distinguish between a movement along the supply curve (because price changes) and a movement of the supply curve (when something other than price changes.... the ceteris paribus conditions), and be able to explain and use linear supply functions. There are some videos on calculating/using linear supply functions here if you would like further review. Once again, you will be given a couple of handouts with some tasks to do to fulfill these objectives... and there will be a test!
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We will cover these objectives in class today... the first piece of HL only content for the year. You will be given some pages of notes and tasks. It's not too tricky but if you still don't get it by the end of class then I suggest you watch one or both of the video explanations above. Qd = a – bP where a = the x-intercept, i.e. where the demand curve would hit the horizontal axis (a,0) and -b = slope... negative in this case
Here is a task to get us started... Derive the demand function (in the form Qd=a-bP) from the schedule below
The non-price determinants of demand (factors that change demand or shift the demand curve)
We will discuss the responses to the Google Form, write some definitions and do some tasks. Next class you will have a quiz on demand (academic practice). The nature of markets
First up.... what are markets? Click here for task. Next we will consider demand. We will watch the video and discuss and then you will be given a copy of a document to complete (also linked here). And there will be homework! I will email you a Google Form which contains a short video to watch and questions to answer. This needs to be completed before the next class. International development goals
Here is the official list of MDG indicators and below is the 2015 progress report. You will each be assigned a goal or goals or part of a goal. For each goal - provide 3-4 pieces of evidence on positive progress and 3-4 pieces of evidence of lack of progress made and add these to the shared Google Doc Millennium Development Goals Once you've contributed to the Google Doc, you will use the information you collected for your goal to create an infographic using Piktochart ... like the one I made below for Target 8F.
Economic growth and economic development
I will email you a quiz to take at the beginning of the class and then we will go through the answers... and will follow that up with a card sorting activity. Then you will address the syllabus objectives above using this document: The nature of economic growth and economic development |