This week in class, we talked about price ceilings and floors. In class, we learned about the Costs of Production and Market Structures. We even watched a little bit of a movie to help better understand our most recent economic recession. Next week will be Exam #2, so please state any questions you may have.
Suggested Reading: Textbook pgs. 108-155 and pgs. 150-171
Week #10 Vocabulary:
- Marginal Cost
- Marginal Revenue
- Total Cost
- Total Revenue
- Profit
- The Golden Rule
- Perfect Competition
- Monopolistic Competition
- Oligopoly
- Monopoly
This week your blog post/homework is due by Monday (3/17) at midnight. Please complete your blog as a new post in the following fashion, labeling it as Week 10
- Paragraph 1: A thorough summary of our learning this week in class.
- Paragraph 2: Please answer the following question - What was the hardest lesson in Unit 2? Why? What Questions do you have for the review session next week?
- Paragraph 3: Please feel free to ask questions regarding the class here.
Week #10 Attachments:
Costs of Production PPT
Market Structures PPT