This Week
This week we wrapped up the "Basics of Economics" unit, finishing up by explaining how market equilibrium works and how "ceteris paribus" is rare in the real world - the economy changes rapidly and different parts of the economy affect one another. Students saw this today by graphing supply and demand for their own product and creating scenarios in which supply and demand would shift one way or another.
For those who are still having trouble, I would recommend checking out the website linked under the picture below.
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| Check out this website for a place where you can go to see an interactive supply and demand curve. |
Upcoming Week
On Wednesday, we will have our first "Quest," which is what I call my quizzes/tests, as they're generally longer than quizzes but shorter than tests. This one will cover everything we've learned to date, and there is now a review sheet posted online for students to study. When I return students' work next Tuesday, they will be able to review that as well before we begin.
Aside from that, we will begin our study of microeconomics by beginning to study personal finance next week. Students will be learning how to balance their checkbooks, boost their credit score, and more during this unit.
Have a great weekend!
~Mr. Grieve
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