Monday, March 7, 2016

Monday, March 7th

Game Theory and Politics: Gov. Kasich is still in the race....

Class began with a small group sharing of the "Economic Stories" and self evaluation of the projects. Projects were turned in after all assigned words and topics had been highlighted and students completed the their portion of the evaluation rubric.



Next the class was re-introduced to the "Law of Supply." Class viewed three distinct Khan Academy multi-media lectures
1) The Law of Supply
2) Factors Affecting Supply
3) Long Term Supply Curve

After taking notes and discussing the implications of this law, the class learned a little Oregon Economic History by studying an article from OregonLive: Past Tense Oregon: Oregon's post-war economy directly tied to Columbia River dams

Topics coming up over the next few days include the interactions of supply and demand for a given product, and the effects of labor supply and wages on jobs and the economy.

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