I gave you a take home quiz last night. It is due Monday July 26.
I'll try to get a blog post of what we've been covering with some links before lunch today.
Because of power failure on June 21, I had to call an audible that resulted in your first exam being moved to June 28.
The after-effects of the blackout are going to be felt for a while longer. We're going to begin class at 6:15 on June 28, June 30, July 7, and July 12 to make up the missed time.
We finished discussing elasticity last week - you can see previous entries for hot links to that.
I gave you a homework assignment that is due on June 30.
I gave you a writing assignment that is due on July 28.
Expect to have Quiz II on July 7.
You had your first quiz on June 16. I'll return those Monday night.
You will have your first exam on June 23.
Last week's blog post had good links for supply and demand as well as for price floors and price ceilings, I recommend you visit those. Monday we are going to look at floors and ceilings and then we are going to look at elasticity. If I were you and I was going to have that in class tomorrow and was going to have that exam Monday, I'd start taking a look at the study guide.
We covered a good bit of material last week. Lecture included graphs.
We also discussed economic resources - land, labor, capital, and entrepreneurship. That discussion morphed into production possibilities frontiers and production possibilities tables. This led to a discussion of the law of increasing opportunity costs as well.
I gave the class a homework assignment that is due June 14.
Next week we're going to cover supply and demand. We will also discuss price floors and price ceilings. Check this out for some real world discussion regarding the persons who actually earn minimum wage.
We'll tear into elasticity in the near future.
I also told you all that you'd have a quiz on June 16.