Week 7, Syllabus

Mr. Ditzenberger-Economics
Lessons: Market Structures Time: Week 7, February 25th-29t Unit: Markets
Objectives:
1. Students will analyze supply and demand forces and how they affect market equilibrium.
2. Students will simulate free markets and analyze the inherent problems that a purely free market presents.
3. Students will discern between free market, monopolistic, and monopolistic competition conditions.
4. Students will analyze, through reading and debate, the pros and cons of government intervention into the petroleum market (regulation and deregulation).

Monday
1. Finish section 2-cuves on board.
2. Curves Activity
3. Read it and WIIP article.
4. Section 3 Quiz tomorrow.
5. LTE 84-91. Qz Thursday.
6. Unit Test on Tuesday.

Tuesday
1. Section 3 Quiz.
2. Arm Wrestling Competition simulation (10 min)
a. everyone can participate.
b. many consumers-most of the class pays a dollar to watch.
c. everyone who enters must also pay a dollar.
What are some things that we could do/could have done to make this more competitive? Less competitive?
3. Agree/Disagree Chart-Competition. (5 min)
4. Read section 1. (15 min) and discuss. Complete Agree/Disagree again with new knowledge. (15 min)
5. Begin reading Section 2. Finish for homework. Section 2 quiz tomorrow. mna-2076

Wednesday
1. Quiz-mna 2076 (5 min)
2. Fill out Graphic Organizer as the class reads section 3. (20 min)
3. Four Price fixing articles. Jigsaw. (15 minutes) 1 2 3 4 (20 min)
4. Homework: Read section 4 and answer 1-4 on pg 176 for homework.
5. Homework: Chapter 7 test on Thursday.

Thursday
1. LTE Quiz, 84-91.
2.. Read Debating Current Issues: Oil and Energy Dependence pages 180 and 181. Pair up. One person reads one article the other reads the other article. After reading, each person shares what they think to the other for 30 sec (no interruptions). Switch after 30 sec.
3. Chalk Talk-Review unit-demand, supply, prices, and market structures.
4. Unit test on Tuesday.

Friday
1. In service. No school!