CH 22 - Costs of Production Review Videos

Here are a few short videos to help you with the concepts we've been covering over the past few days. It's extremely important that you approach me with any confusion or questions on the costs of production. If you're feeling a bit fuzzy on the concepts now, they will only get more out of focus later on...make sure you see me to get complete clarity before we move on. Hope to see you before/after class or during lunch.

• Law of Diminishing Marginal Returns
• Marginal Product and Marginal Cost
• Cost Curves: MC, AFC, AVC, ATC
• Economic Profit v Accounting Profit

Tuesday, September 30th

Agenda:

1. Short-Run Costs of Production

Homework:

1. Chapter 23 Reading and Notes - due Thursday (A#15)

Monday, September 29th

Agenda:

1. Short-Run Costs of Production

Friday, September 26th

Agenda:

2nd and 3rd Period:

1. Law of Diminishing Marginal Returns

4th Period:

1. Short-Run Costs of Production

Thursday, September 25th

2nd and 3rd Period:

1. Unit 3 Introduction
2. Links Production

4th Period:

1. Law of Diminishing Marginal Returns

Wednesday, September 24th

2nd Period:

1. Marshmallow Towers Production Costs Competition

3rd Period:

1. College Boot Camp

4th Period:

1. Intro to Unit 3
2. Links Production Simulation

Tuesday, September 23rd

2nd Period:

1. Stamp HW (A#14) 
2. Understanding Costs Reading and Questions w/ Joslin's Costs of Doing Business (A#13)

3rd and 4th Period:

1. Stamp HW (A#14)
2. Marshmallow Tower Building Competition

Homework (all periods):

1. Test corrections need to be fully completed by Tomorrow

Monday, September 22nd

2nd Period:

Agenda:

1. Unit 2 Exam Corrections

Homework:

1.  Chapter 22 Reading and Notes w/ Ch 22 Vocab Flashcards (A#14)

3rd and 4th Period:

Agenda:

1. Stamp HW (A#13)
2. Discuss Understanding Costs Reading and Questions w/ Joslin's Costs of Doing Business
3. Unit 2 Exam Corrections

Homework:

1. Chapter 22 Reading and Notes w/ Ch 22 Vocab Flashcards (A#14)
2. Unit 2 Test Corrections need to be completed by Wednesday

Friday, September 19th

Agenda:

1. Unit 2 Exam Corrections

Homework (for periods 3 and 4 only):

1. Understanding Costs Reading and Questions w/ Joslin's Costs of Doing Business (A#13)

Thursday, September 18th

Agenda:

1. Unit 2 Exam

Homework:

1. Notebook Check

Wednesday, September 17th

Agenda:

1. Unit 2 Review
1. Review Groups
2. Supply and Demand Practice Quiz

Homework:

1. Unit 2 Exam Tomorrow
2. Last day to turn in notebooks is Friday

Study Help Videos:

1. Demand Basics
2. Supply Basics with Equilibrium
3. Shifting Supply and Demand
4. Price Controls: Price Floors and Price Ceilings
5. Consumer and Producer Surplus
6. Elasticity and the Total Revenue Test
7. Utility Maximization and Consumer Choice
8. Supply and Demand in Indiana Jones

Tuesday, September 16th

Agenda:

1. Notebook Check Protocol
2. Total vs. Marginal
3. Go over Unit 2 FRQ
4. If time - Supply and Demand Practice Quiz

Homework:

1. Unit 2 Exam Thursday
2. Notebook Check by Friday

Monday, September 15th

Agenda:

1. Consumer Choice and Utility Maximization Review
2. Practice FRQs

Homework:

1. Unit 2 Exam Thursday
2. Notebook check by Friday

Friday, September 12th

Agenda:

1. Stamp (A#12)
2. Turn in Unit 2 FRQs
3. Consumer Choice and Utility Maximization .ppt

Homework:

1. Notebook Check next week
2. Unit 2 Exam Thursday

Thursday, September 11th

Agenda:

1. Elasticity of Demand .ppt
2. Total Revenue Test Practice

Homework:

1. Read and Notes Chapter 21 (A#12) due Friday
2. Unit 2 FRQ due Friday
3. Supply and Demand Extra Assignment Opportunity
1. Must finish and self-correct with Mr. Nesper by Friday
4. Unit 2 Exam next Thursday 9/18

Wednesday, September 10th

Agenda:

1. Stamp HW (A# 10 and 11)
2. Elasticity of Demand .ppt

Homework:

1. Read and Notes Chapter 21 (A#12) due Friday
2. Unit 2 FRQ due Friday
3. Supply and Demand Extra Assignment Opportunity
1. Must finish and self-correct with Mr. Nesper by Friday

Tuesday, September 9th

Agenda:

1. Pass out Unit 2 FRQ
2. Voluntary Exchange (Consumer and Producer Surplus Notes)
3. The Pearl Exchange (A#10)

Homework:

1. Finish Pearl Exchange handout (A#10)
2. Chapter 20 Reading and Notes (A#11)
3. Unit 2 FRQ due Friday
4. Supply and Demand Extra Assignment Opportunity
1. Must finish and self-correct with Mr. Nesper by Friday

Monday, September 8th

Agenda:

1. Finish discussing (A#9)
2. Price Controls and Double Shifts discussion

Friday, September 5th

Agenda:

1. Stamp HW (A#9) and Discuss

Thursday, September 4th

Agenda:

1. Stamp HW (A#8)
2. Putting Supply and Demand Together .ppt

Homework:

1. Supply and Demand Practice Handout (A#9)

Study Help Videos

If any of you are looking for a way to get some more help with the Microeconomic concepts we've been talking about in class, Kahn Academy has some great video tutorials.

Their webpage for ALL MICROECONOMIC CONCEPTS

The link for the unit we are CURRENTLY STUDYING (Supply and Demand)

Hope they offer some additional help :)

Wednesday, September 3rd

Agenda:

1. Supply and Shifters of Supply .ppt
2. Shifting Supply Practice

Homework:

1. Read and Notes pp. 48-56 (A#8)

Tuesday, September 2nd

Agenda:

1. Stamp HW (A#7) and Discuss
2. Supply and Shifters of Supply .ppt