September 18-22

Monday:

1. Chap 20 Summary
2. Notes on Costs of Production
3. Costs of Production Game/Review
4. Profit Review Sheet w/ Profit Definition Exercise
5. Profit Expressions Worksheet

Tuesday:

1. UE Chap 3 Quiz
2. Discussion on UE 3
3. Notes on Short Run Costs of Production
4. Worksheet on Same – Done in Class (Productivity and Cost Exercise #1 x2 – Stone 94,95)
5. Worksheets on Same – Done for Homework (Productivity and Cost Exercise #2, #3 and questions on 1&2 – Stone 96, 97)

Wednesday:

1. Review yesterday’s worksheets
2. Notes on Graphing Costs (No ppt, graphs on board) (Stone 102)
3. Understanding the Different Cost Measures of a Firm (Activity 3-3)
4. Discuss how profit is found on both graphs.
5. Worksheet on Graphing Costs

Thursday:

1. Chapter 21 Summary Due
2. Marshmallow Towers Demonstration
3. Quiz on Graph Reading (If time)

Friday:

1. Go over quiz/work from Yesterday
2. Notes on Long Run Prod Costs
3. A Firm’s Long-Run Average Total Cost (Activity 3-4)
4. Finding Profit in General - Baumann