Learning Target: I can use supply and demand to model economic systems.
Do Now (In Google Classroom): What is a model?
Readings
As you read, lookup any words you don't know and add them to your notes.
These questions should be answered in a format this is shared with me:
Google Drive for full credit or Codepen for extra credit.
When you finish, think like an economist:
- How can we explain the relationship between the Super Bowl winner and changes in the stock market?
- Greeting card sales are another tried and true indicator, according to a vice president of American Greetings. Before a recession sets in, sales of higher-priced greeting cards rise. It seems that people substitute the cards for gifts, and since there is no gift, the card must be fancier. Do you think this is correlation
or causation?