Thursday, August 13, 2015

Supply

Today, we learned the basics of supply and producer surplus. The students also had a short quiz on demand. Several of the students showed evidence of confusion between demand and production possibilities curves on these graphs, so we will be reviewing the basics of each tomorrow.

Students should read the introduction and first chapter of the tipping point before the quiz on Monday. 

Our lifesim project will be introduced on Monday as well. This is the major project of the quarter.