Class began by finishing discussion of the article on increasing demand for jobs and stagnant wages.
Then the class reviewed the story of demand and price represented by the Hudsucker Proxy clip.
Next the class looked at these graphs showing both supply and demand.
Students added vocabulary words: Law of Supply; surplus; shortage; scarcity; and equilibrium price.
Next students watched information about Crazy Bandz, a fad product of the early 2000s.
Then they studied the supply and demand curves associated with Crazy Bandz.
Some classes also discussed the role of inflation and unemployment in allowing for economic growth.
Next steps will include analyzing the story As Demand for Welders Resurge; Community Colleges Respond and the accompanying info-graphics.
Then the class reviewed the story of demand and price represented by the Hudsucker Proxy clip.
Next the class looked at these graphs showing both supply and demand.
Students added vocabulary words: Law of Supply; surplus; shortage; scarcity; and equilibrium price.
Next students watched information about Crazy Bandz, a fad product of the early 2000s.
Then they studied the supply and demand curves associated with Crazy Bandz.
Some classes also discussed the role of inflation and unemployment in allowing for economic growth.
Next steps will include analyzing the story As Demand for Welders Resurge; Community Colleges Respond and the accompanying info-graphics.
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