Ch #04 Elasticities

Ch. #04 Elasticities

Saturday, September 28, 2019 – Monday, October 7, 2019

09/28-29 Weekend
Homework:

09/30 Monday
In class:

Homework:

10/1 Tuesday (Period 5)
In class:

Going forward, due to our lost instructional time in our new schedule, it is my expectation is that you will have read the chapter or viewed the PPT in anticipation of class. This emulates a "flipped classroom". Class time will largely be used to practice skills, ask questions, work on projects, free writes, assessments and review of such, versus teacher lecture.
Review Ch 2 free write - teacher comments
- Hand back and re-collect for CFG
Finish reading chapter and outlining learning objectives for chapter
Record DECA events throughout period as able

Homework:

10/2 Wednesday (Period 4)
In class:

Homework:

10/3 Thursday
In Class:

Homework:

Take home and self-correct providing written responses to explain the theory you missed

10/4 Friday
In class:

Turn in self-corrections from MC quiz
DEED and CLASPP
Assign elasticity essays and teams. Student teams will construct a rubric and touch points for DEED and CLASPP elements. The touch point rubric should be organized similar to our previous document.
Prompt #1:
- Explain why the price elasticity of demand for primary commodities tends to be relatively low while the price elasticity of demand for manufactured products tends to be relatively high [10]
- "The income elasticity of demand for primary products tends to be lower than that a for manufactured goods and services." Examine the implications for this for producers and for the economy as a whole. [15]
Prompt #2:
- Explain why the price elasticity of supply (PES) for primary commodities tends to be relatively low, while the PES for manufactured products tends to be relatively high. [10]
- Discuss possible consequences of a government imposing a price floor on an agricultural product. [15]

Homework:

Complete outline to be used on in-class essay Monday. Do not bring in a fully written essay, but only an outline! You will turn in both the essay and outline at the end of period Monday.

10/7 Monday
In class:

Write individual elasticity essay with outline. This is due on Wednesday, this is for both periods. Please bring a hard copy in the following order, essay, hand drawn graphs, (if not embedded into the essay) and then outline. Please bold key terms the first time they are applied.

Homework:

Read Ch 5 in anticipation of starting Government Intervention on Tuesday/Wednesday