Economics
in Our Times, pp 135-140
Terms
Marginal
cost
Marginal
revenue
Law
of diminishing returns
Tuesday, September 30, 2014
Monday, September 29, 2014
Economics
Homework due Tuesday, September 30
Economics
in Our Times, pp 131-135
Terms
Fixed
costs
Variable
costs
Total
costs
Average
fixed costs
Average
variable costs
Average
total costs
Tuesday, September 23, 2014
Economics
Homework due Monday, September 29
Economics
in Our Times, pp 121-123, 127-128,
131
Write
answers to Learning Check p. 131, # 1, 3, 4, 5, 6, & 7 (will be collected and graded)
Terms
by-laws
bond
face
(par) value
coupon
rate
cooperative
franchise
Monday, September 22, 2014
Economics
Homework due Tuesday, September 23
Economics
in Our Times, pp 116-121 (up to How
to Form a Corporation)
Bring
in an article from The Wall Street Journal or the San Francisco
Chronicle about a sole proprietorship
or a partnership. (Refer to the
definitions of these business forms in the textbook.)
Terms:
sole
proprietorship
unlimited
liability
partnership
limited
partnership
general
partner
limited
partner
corporation
stock
stockholder
asset
limited
liability
Friday, September 19, 2014
Thursday, September 18, 2014
Economics
Homework due Friday, September 19
Go to www.reffonomics.com. Click on Microeconomics, then on Price
Ceiling and Price Floor.
Click
on Price Floor and Price Ceiling.
Click through the lesson.
Wednesday, September 17, 2014
Economics
Homework due Thursday, September 18
Complete
the Supply and Demand Study Guide
Complete
Reteaching Chapter 4
Tuesday, September 16, 2014
Economics
Homework due Wednesday, September 17
Economics
in Our Times, pp 97 (bottom)-101,
104, 107 (bottom)-108
Learning
Check p. 108, # 2 & 3
Term
rationing device
Monday, September 15, 2014
Economics
Homework due Tuesday, September 16
Economics in Our Times, pp 92-97, INCLUDING p. 95
Learning
Check p. 97, # 3 & 4. Draw
graph with D & S curves to illustrate each problem.
Terms
surplus
shortage
equilibrium
inventory
Friday, September 12, 2014
Economics
Homework due Monday, September 15
Study
for quiz: Chapter 3
Review
(in addition to Chapter 3):
All
PowerPoints
Beef
Products Market
Reasons
for Changes in Supply
Chapter
3 Build Your Economic Vocabulary and Review Questions
How
to compute elasticity of demand and its impact on profits
Class
notes
Thursday, September 11, 2014
Economics
Homework due Friday, September 12
Complete
Reteaching Chapter 3
Economics in Our Times, Chapter 3 Review
Write answers to Build Your Economic Vocabulary, p. 87
Write answers to Review Questions, pp 87-88: 2, 4-8, 10,
11, 13, 16, 18-20, 22-24
Wednesday, September 10, 2014
Economics
Homework due Thursday, September 11
Economics in Our Times, pp 75-80, 82
Terms
supply
law of supply
direct relationship
quantity supplied
supply schedule
supply curve
per unit cost
quotas
elasticity of supply
elastic supply
inelastic supply
unit elastic supply
Tuesday, September 9, 2014
Economics
Homework due Wednesday, September 10
Economics
in Our Times, pp 69-74
Learning
Check p. 75, # 1-6
Terms
elasticity of demand
elastic demand
inelastic demand
unit-elastic demand
four determinants of elasticity
impact of elasticity on total revenue
Monday, September 8, 2014
Economics
Homework due Tuesday, September 9
Economics in Our Times, pp 63-64, 68
Learning
Check p. 69, # 1-5
Terms
normal good
inferior good
neutral good
substitutes
complements
Wednesday, September 3, 2014
Economics
Homework due Thursday, September 4
Economics in Our Times, Ch. 2 Review: do the following exercises (written or
typed)
p.
55 - Build Your Economic Vocabulary
p.
56 - Review Questions 1-9
Complete
Reteaching Economics 2
Start
studying for quiz on Chapter 2, Friday, September 5
Tuesday, September 2, 2014
Economics
Homework due Wednesday, September 3
Economics
in Our Times, pp 51-53
Complete the Chapter 2 Section 6 quiz
Terms
circular flow of economic activity
household
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