Economics Syllabus
MS Curriculum Objectives: 5a-c
Walker/Fall 2015
NCEE Standards: 4, 7, 8
MONDAY
October 11
Holiday for Students
TUESDAY/WEDNESDAY
October 12/13
 Compare types of business organization including:
o Key characteristics
o Advantages & Disadvantages
 Business Organizations Activity
THURSDAY/FRIDAY October 14/15 Chapter 8 & Chapter 4, §1, pp. 85-90
 Test Chapter 8
 Review Markets
 Define demand
 Recognize a demand schedule & demand graph
 Analyze buying habits to explain the law of demand
MONDAY/TUESDAY October 19/20
Chapter 4, §1, pp. 85-90 §2, pp. 91-96
 Explain how the substitution effect and the income effect influence decisions
 Create a market demand schedule & demand curve to understand how prices affect demand
 Explain the difference between a change in quantity demanded (QD) & a shift in the demand curve
using graphs
 Describe the factors that create changes in demand (D) and can cause shifts in the demand curve
 HWK: Read & Understand pp. 97-104
WEDNESDAY/THURSDAY
October 21/22 Chapter 4, §3, pp. 97-104
 Quiz
 Explain how entrepreneurs can use information about elasticity to successfully run their businesses
 Recap changes in quantity demanded (QD) vs. changes in demand (D)
 Create “Super Duper Chart” for Demand
 Define demand elasticity
 Explain how elasticity of demand can vary from person to person
 Analyze factors that affect elasticity
FRIDAY/MONDAY
October 23/26 Chapter 5, §1
 Demonstrate how the law of supply reflects the profit motive
 Give examples of firms acting according to the law of supply.
 Graph a market supply curve given a supply schedule.
 Explain the differences in changes in supply and changes in QS
 Delineate and explain situations that shift supply
 Analyze data to determine their effects on supply (shifts vs. price changes)
 HWK: Read & Understand pp. 116-122
TUESDAY/WEDNESDAY
October 24/24
 Quiz on Supply
 Wrap-up Discussion on Supply
THURSDAY/FRIDAY October 27/28 Chapter 5
 Test Chapters 4-5: Demand & Supply
 Introductory Activity for Chapter 6 – Equilibrium & Prices