For Unit 2B, we will look at 3 Markets that act like supply/demand markets. Each of these graphs is for a particular market, and the graph will allow us insight into what that market is telling us, what forces act upon that markets, and what that changing market place will tell us.
Here is a document to use to collect notes on each graph/market (click here)
Here is a quick demo on how to work one of the practice sets I left you, I know it can be a bit confusing on which boxes to use and how to fill them in.
This unit is going to be fast and quick, but it is highly important!
The ideas of supply, demand, market equilibrium will be the foundation which the majority of the class is build upon. If you understand these graphs and principals, then you will have a firm grip on the rest of the semester. So I highly encourage you to take good notes, use both the powerpoints and the videos, work the practice sets - and ask questions (either via Twitter, Instagraph, or YouTube).
Use the following videos and powerpoints to fill-in your chart/notes ...
