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Date Due
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Pages
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Key Concepts to Master
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10/5
Bring book to class
|
85-88
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- the reasons behind a shift in the demand curve
- the reasons why demand changes along the curve
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10/8
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101-106
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- the law of supply
- the function of a supply schedule
- the relationship between supply and elasticity
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10/12
Bring book to class
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124-131
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- defining & graphing market equilibrium
- conditions that create market disequilibrium
- the role & outcomes of price ceilings
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10/15
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139-144 |
- the role of prices in the free market
- the distribution of goods
- the importance of the profit incentive
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10/19
Bring book to class |
166-171 |
- The conditions of monopolistic competition
- The characteristics of nonprice competition
- The nature of oligopoly and collusion
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10/20
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Job and Checking Research Due
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|
10/22
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172-176
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- The role of the government in economic competition
- Deregulation and the impact of deregulation on the
economy
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10/25
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Current Event Articles Due
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10/27
|
Unit II Test
Possible Essay Questions
Include:
Group A:
- Discuss the various factors that impact demand for a
good or service and provide specific examples of how demand might
change.
- Discuss the concept of elasticity (as it relates to
supply and demand) and how elasticity is important to economic decision
making.
Group B:
- Discuss the history of pools, trusts and other forms
of monoply in U.S. history. How has the U.S. government attempted
to regulate them over time?
- Describe the various costs related to
production. How does marginal cost impact business decision
making?
- Describe monopolistic competition. How do
monopolies manipulate barriers to market entry?
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3/24
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Housing & Utilities Research Due
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5/11
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Budget
Project
Due!!! |