Economics Interactive/Instruction Board: Principles and Practices

Parkview's Economics instruction/discussion board provides interaction between the instructor and the students to discuss fundamental economic concepts, apply the tools (graphs, statistics, equations) from other subject areas to the understanding of operations and institutions of economic systems. Students will study in a historic context, the basic economic principles of micro- and macroeconomics, international economics, comparative economic systems, measurement, and methods.

Monday, October 19, 2020

Month 2 week 4: Supply and Demand Dance due 10/16/20

Supply and Demand

Main Question: How does supply and demand shape the Market Curve?

Directions: View the following supply and demand clip Supply and Dance Man from We the Economy Then answer the following questions and post your answers:

What is the definition of a market?
What is a market force?
How does the consumer interest in the canes start?
What makes the price go up initially?
What is Kristen and Jonathan’s motivation for ordering more canes?
What are the factors that cause the price of the canes to continue to go up?
What causes the surplus?
How does the surplus affect the cost of the canes?
What are the factors that cause the price of the canes to continue to go down?
What is equilibrium?

questions taken from VIRGINIA YANOWSKY

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)