Day 16 - Wednesday, February 29th

1) Unit 1 Test - Hand Back & Take Up

2) Is The Competitive Market Fair?

Students will read pages 118 to 121 and answer the following questions:

• Questions 1, 2, 3 & 4 on page 121

Day 15 - Tuesday, February 28th

1) Elasticity Assignment

An assignment will be given on price elasticity of demand and elasticity of supply. Be sure to show all calculations and answer in full sentences. All answers are to be typed.

Day 14 - Monday, February 27th

1) Colbert Report - Target

http://watch.thecomedynetwork.ca/the-colbert-report#clip621679

2) Resource Allocation Methods

In groups, students will look at different ways to allocate resources among members of society. The groups will then do a role play to demonstrate their methods. A handout covering pages 108 to 109 from a textbook will be given.

Day 13 - Friday, February 24th

1) Video: Eye-Wear Price Gouge

http://www.cbc.ca/video/#/News/TV_Shows/The_National/1233408557/ID=2201282990

2) Elasticity of Supply

Students will read pages 96 to 99 and answer the following questions:

• Questions 2, 3, 4 & 5 on page 98

Day 12 - Thursday, February 23rd

1) Video: RIM and Playbook 2.0

http://www.cbc.ca/video/#/News/TV_Shows/The_National/1233408557/ID=2200087090

http://www.youtube.com/watch?feature=player_embedded&v=oxZK2VJyqYs

http://www.youtube.com/watch?feature=player_embedded&v=pWcWJBHL3co

2) Price Elasticity of Demand

Today we will be going deeper into demand and supply by learning about the price elasticity of demand. Students will read pages 86 to 92 of a handout and answering the following questions:

• Questions 2, 4, 5 & 6 on page 92

Day 11 - Wednesday, February 22nd

1) Unit 1 Test

Day 10 - Tuesday, February 21st

1) Famous Economist Presentations

2) Unit 1 Test - Tomorrow

We will then review for tomorrow's unit 1 test.

Day 9 - Thursday, February 16th

1) Famous Economist Presentation - Due Tuesday

Day 8 - Wednesday, February 15th

1) Famous Economist Presentation

Working in pairs, students are to prepare a 5 minute presentation on one of the following economists:

• Adam Smith
• Thomas Robert Malthus
• David Ricardo
• Karl Marx
• John Maynard Keynes
• John Kenneth Galbraith
• Milton Friedman

The handout for this assignment was given in class.

Day 7 - Tuesday, February 14th

1) Economic and Political Systems

Students will read pages 30 to 37 of a handout and answer the following questions:

• Questions 1, 2, 3, 4 & 5 on page 34
• Questions 1 & 4 on page 37

Day 6 - Monday, February 13th

1) Supply and Demand - Handout / Group Activity

A handout that continues the discussion of supply and demand will be given out in class. Different real life scenarios that involve supply and demand will be looked at in groups.

2) Article - Weak Signals: The Wireless War That Wasn't

We will then read an article from The Globe and Mail about Canada's wireless communication industry.

Day 5 - Friday, February 10th

1) Note: Supply and Demand

2) Supply and Demand Activity

The class will now practice working with supply and demand graphs under different scenarios.

3) Supply and Demand Assignment

This assignment will be due on Monday, February 13th.

Day 4 - Thursday, February 9th

1) CBC's The National: Toronto Transit

http://www.cbc.ca/video/watch/News/ID=2194437547

2) Article - "All-In" Pricing

http://www.cbc.ca/news/business/story/2012/02/08/air-canada-all-in-fares.html

3) Irrational Errors

Students will read pages 35 to 37 of yesterday's handout on consumer choices.

4) Note: Supply and Demand

We will now learn about the two forces that determine the price and available quantity of any given product: supply and demand.

Day 3 - Wednesday, February 8th

1) Marketplace: Lousy Labels

2) Handout: What Does Economics Study? And Why Should You Care?

Students will read pages 9 to 14 of a handout discussing some of the history and foundations of the study of economics.

3) Note: Consumer Choices

Day 2 - Tuesday, February 7th

1) Article: Facebook

We will read an article from The Economist on Facebook and its successes and challenges.

2) Needs vs Wants

In groups, the class examined the difference between needs and wants.

3) Marketplace: Lousy Labels

We then watched an episode of CBC's Marketplace which looked at the labels on grocery products.

The episode can be watched here: http://www.cbc.ca/marketplace/2012/lousylabels/

Day 1 - Monday, February 6th

1) Note: Introduction to Economics

Welcome!

Welcome to the CIE 3M1 class site at CALC Secondary School! On this site I will provide the following:

• A daily recap of what was covered in class
• A list of assignments and their due dates
• Dates of upcoming tests

I look forward to a great 9 weeks with all of you!