9.4 |
Supply and demand
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Finish chapter 2 reading guide link
Work on chapter 3 reading guide link (SL content only!) |
Read about linear demand and supply functions in IB Course Companion
Quantitative Economics pp. 3-10
Survey about personal finance |
9.6 |
Equilibrium: market efficiency and the role of the price mechanism |
Finish reading guides for chapters 2 and 3
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Quantitative Economics pp. 33-44: Calculating costs, revenues, profits, and levels of ouptut |
9.10 |
Practice graphing supply and demand
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Finish supply and demand packet
Supply and demand quiz next block
Optional podcast for awesomeness: Listen to Freakonomics podcast "Why Uber is an Economist's Dream"
Write on question #1 on p. 33 A good DED (no evaluation) NEVER MIND. NOT ENOUGH TIME.
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9.12 |
Final supply and demand check/questions
Quiz #2: supply and demand
Price elasticity of demand link |
Chapter 4 reading guide link
Complete student workpoints 4.1, 4.2, 4.3, and 4.4 as you read. |
Quantitative Economics pp. 11-15: Elasticities |
9.14 |
PES, XED, YED
Engel curve |
Elasticity packet |
Stay for Engel curve. Then, Quantitative Economics pp. 28-32: Floors and ceilings |
9.18 |
Practice with elasticity
Writing Brain Dumps link |
Study for quiz over chapter 4 (elasticities) |
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9.20 |
Quiz #3: elasticities
Taxes, subsidies, price controls link |
Chapter 5 reading guide link |
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9.24 |
Price ceilings and floors
Student workpoints 5.2, 5.4, 5.5, 5.6
Evaluation in IB Economics |
2 choices... Pick 1!
1. Listen to Planet Money episode 862, Big Government Cheese, and fill out this sheet
2. Write a good DEED: Discuss the consequences of setting a maximum price in a market of your choice. (Spend 30 minutes on this.) |
After Evaluation in IB, Quantitative Economics pp. 16-27: Specific taxes and subsidies |
9.26 |
Finish graphing price ceilings and floors
Minimum wage focus:
wetheeconomy.com "The Value of Work"
Econ Graph party Google form
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Finish chapter 5 reading guide
Listen to one or two of these awesome minimum wage podcasts from Planet Money:
Planet Money Episode 562: A Mall Divided link
Planet Money Episode 510: The Birth of the Minimum Wage link
Planet Money Episode 104: The Riddle of Minimum Wage link
Or, hear some professional economists discuss minimum wage: Russ Roberts and Mike Munger link (feel free to forward to minute 37 and listen to the end)
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9.28 |
Minimum wage
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Quiz #4 next block: chapter 5
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