Monday, September 30th

Agenda:

1. Stamp HW (A#18)
2. Intro to Unit 3
3. Production and Diminishing Marginal Returns

Unit 3 Notes in Advance

Below are all the notes for our next unit. I highly suggest printing them out and bringing them to class before we take the notes. It will help you spend more of your in-class mental energy on learning the concepts rather than trying to furiously writing everything down. Additionally, there are many practice problems (multiple choice and FRQs) that we may not have time to do in class. 

All notes are listed in the order we will be discussing them

Costs of Production

1. Production and Diminishing Marginal Returns
2. Revenue and Profit
3. Short-Run Costs of Production
4. Long-Run Costs of Production

Perfect Competition 

1. Perfect Competition in the SHORT-RUN
2. Perfect Competition in the LONG-RUN
3. Perfect Competition and Efficiency

Friday, September 27th

Agenda:

1. Stamp HW (A#17)
2. Intro to Costs
3. Marshmallow Towers

Homework:

1. Read/Notes Mod. 52,54 (A#18)

Thursday, September 26th

Agenda:

1. Unit 2 Test Corrections

Agenda:

1. Understanding Costs and Joslin's Costs of Doing Business (A#17)

Wednesday, September 25th

Agenda:

1. Unit 2 Exam

Homework:

1. Print out Test Correction Sheet

Tuesday, September 24th

Agenda:

1. Notes - Consumer Choice and Utility Maximizing
2. Unit 2 Test Review

Homework:

1. Unit 2 Exam tomorrow

Monday, September 23rd

Agenda:

1. Stamp HW (A#16)
2. Notes - Consumer Choice and Utility Maximizing

Homework:

1. Unit 2 Exam Wednesday

Friday, September 20th

Agenda:

1. Return Notebooks
2. Total Revenue Test Practice

Homework:

1. Read/Notes Mod. 51 (A#16)

Thursday, September 19th

Agenda:

1. Elasticity of Demand
2. Notebook Check

Wednesday, September 18th

Agenda:

1. Stamp HW (A#14,15)
2. Consumer and Producer Surplus Practice
3. Notes - Elasticity of Demand

Homework:

1. Notebook Check Tomorrow (A#6-15)

Tuesday, September 17th

Agenda:

1. Stamp HW (A#13)
2. Voluntary Exchange, Consumer and Producer Surplus
3. Activity - The Pearl Exchange (A#14)

Homework:

1. Finish (A#14)
2. Read/Notes Modules 46,47 (A#15)

Monday, September 16th

Agenda:

1. Unit 2 FRQ Exam

Homework:

1. Read/Notes Module 49 (A#13)

Friday, September 13th

Agenda:

1.  Stamp HW - S&D Analysis Practice Handout (A#12) and discuss
2. Price Controls and Double Shifts
3. Intro to FRQs

Homework:

1. Unit FRQ Test Monday

Thursday, September 12th

Agenda:

1. Stamp (A#9)
2. Supply and Demand Analysis w/Practice

Homework:

1. S&D Analysis Practice Handout (A#12)

Wednesday, September 11th

Agenda:

1. Equilibrium
2. Supply and Demand Analysis Practice

Tuesday, September 10th

Agenda:

1. Read/Notes Module 7 (A#11)

Monday, September 9th

Agenda:

1. Changes in Supply Practice (A#10) - Complete both of the following
• Supply Headlines
• Supply of Baseball Bats

Friday, September 6th

Agenda:

1. Stamp (A#7)
2. Notes - Supply and Shifters of Supply
3. Supply Shifting Practice (A#9)

Homework:

1. Bring Textbook Tuesday

Thursday, September 5th

Agenda:

1. Stamp HW (A#8)
2. Demand Shifting Practice (A#7)
3. Notes - Supply and Shifters of Supply

Wednesday, September 4th

Agenda:

1. Shifters/Determinants of Demand
1. Demand Shifting Practice (A#7)

Homework:

1. Read/Notes Mod. 6 (A#8)

Tuesday, September 3rd

Agenda:

1. Notes - Demand