Hi all! We will have our Circular Flow of Production and Consumption quiz on Thursday. Be sure to prepare, using this study guide if you need! All our notes are available on the class slides, which you can find by clicking the link at the bottom of this page. Lastly, do not forget to work on your "What can a humble ____ tell us about the world?" project. It is now due Monday, May 8th!
- I can self-direct my learning
- I can demonstrate an understanding of the basic principles of economics.
- I can use market principles of supply and demand to examine a current social dilemma.
- RAP: To open class, we reviewed the Wheat supply and demand simulation we completed during last class. Using the information learned in class about trading, students plotted the supply and demand curves for wheat traded in class. During this time I also informed students about the upcoming Circular Flow quiz, and gave students the due date for their upcoming projects.
- Main Stage: To deepen our understanding of the market principles of supply and demand, students completed brief Cornell Notes (available through class slides), before then applying their understanding of market principles using the example of the California Water Crisis. Students first read the introduction, then graphed the supply and demand curve of water.
- Closing: Students then read about a specific character affected by the California Water Crisis before beginning to write an internal monologue. The purpose of the internal monologue is to provide students with an opportunity to examine how supply and demand affects a particular group. Internal monologues will be due next class, where class will then debate and discuss how to solve the water crisis using the principles of supply and demand.