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Topic: Demand and Supply
Learning Outcomes
To learn about:
- Demand, Supply, and Equilibrium in Markets for Goods and Services
- Shifts in Demand and Supply for Goods and Services
- Changes in Equilibrium Price and Quantity: The Four-Step Process
- Price Ceilings and Price Floors
To-Do Before Class
Read: Ch. 3 Introduction to Demand and Supply
Activities/Assignment
- Review week 3 slides and class notes
- Apply Your Knowledge
Economics in the Real World
Starbucks, Flush With Customers, Is Running Low on Ingredients
Discussion
- If Starbucks continues to experience shortages of certain items, what might happen to the prices of the drinks for which these are key ingredients?
- Using a supply and demand diagram, show what has happened to the supply of peach-flavored juice.
- (include instructions for students’ posts on the assignment here)
Due Date(s)
- Add due dates or schedule
How will Assignments be Graded?
Add grading rubric or clear explanation of how assignment will be graded.
Resources
- Sign up for New York Tines Digital Online Access (free for CUNY students): New York Times Digital Online Access | Ursula C. Schwerin Library (cuny.edu)
- Sign up for free student online access to the Wall Street Journal: Go to A-Z Databases: W (cuny.edu) and then create or sign in to your account at: Partnerships (wsj.com)
