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Unit 2: Supply and Demand

Date

Agenda

Homework

 IB HL
 9.13 Review exam 1 results
Equilibrium simulation, consumer and producer surplus, allocative efficiency, begin demand (income effect, substitution effect) presentation
APE 1.4
Notes modules 6 and 49
​MC module 5
 
 9.17  Supply and demand presentation
​Supply and demand handouts
 Notes module 7
​MC modules 6 and 49
 Read about linear demand and supply functions in IB Course Companion
Watch videos about Paper 3s

https://m.youtube.com/watch?v=sztp05u_yqk

https://m.youtube.com/watch?v=dK_pRK6OoZs

https://m.youtube.com/watch?v=QJ6rF2a4cvI


Quantitative Economics pp. 3-10
 9.19  Supply and demand presentation
​Supply and demand handouts
 Notes modules 46 and 47
​MC module 7
 Finish workbook questions
 9.21  Practice graphing (hamburgers, markets interact outside)
Simultaneous shifts handout
​Marginal utility and law of demand
 Study for quiz #3 (EconLowdown lesson if you want)  Quantitative Economics pp. 11-15
Prepare to teach 10.1
 9.25  Quiz #3 (supply and demand)
Price elasticity of demand, total revenue test presentation
 Notes modules 48 and 50
​MC modules 46 and 47
 Prepare to teach 10.1
 9.27  Other elasticities presentation  Notes modules 8 and 9
​MC modules 48 and 50
 Quantitative Economics pp. 16-32
 10.1 HL Students Present!
Tax incidence and deadweight loss

​Price floors and ceilings
presentation
 Notes module 51
MC modules 8 and 9
​Study for quiz #4
 
 10.3  Quiz #4 (elasticities, tax, floors and ceilings)
Utility maximization
​Review for exam #2 
STUDY TOPICS FOR  UNIT 2
 MC module 51
Study for exam #2
Alternate exam 2 MC
Alternate exam 2 FRQs
 
 10.5  Exam #2
​Introduce product markets
 Notes modules 45 and 55  

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