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W1-3W 4Review End of Term ExamReview Term 1SECTION 3: MARKETS AND PRICES1. explain the term "market";2. identify the market forces;3. describe the relationship between price and demand, and price and supply;4. explain the concept of ceteris paribus;Co-operative learning(Group Presentation)Class discussionSummarize Chap. 6Co-operative learning(Group Presentation)Class discussion Student Feedback QuizStudent Feedback QuizM.C QuestionsShort AnswersW55. illustrate the concepts of demand and supply by using demand and supply curves;Chap. 6 (continued)PP Presentation – Demand and SupplyTeacher demonstration with examplesCo-operative learningClass discussion Student IllustrationsStudent Feedback QuizM.C QuestionsShort Answers (diagrams and explanations )W66. explain the determinants of demand and supply;7. illustrate how changes to the determinants affect demand and supply curves;Chap. 6 (continued)PP Presentation – Demand and Supply (Continued)Teacher demonstration with examplesCo-operative learningClass discussion Student IllustrationsStudent Feedback QuizM.C QuestionsShort Answers (diagrams and explanations )W78. explain the concept of market equilibrium;9. illustrate market equilibrium diagrammatically;10. explain changes in the market equilibrium;11. illustrate changes in the market equilibrium;Chap. 6 (continued)PP Presentation – Demand and Supply (Continued)Teacher demonstration with examplesCo-operative learningClass discussion Student IllustrationsStudent Feedback QuizM.C QuestionsShort Answers (diagrams and explanations )W812. (a) Explain the concepts elastic, inelastic and unitary as they relate to demand and supply.(b) Explain the concept of price elasticity of demand;13. outline factors affecting price elasticity of demand;14. illustrate price elasticity of demand, using simple calculations;Summarize Chap. 7PP Presentation – Elasticity of Demand and SupplyTeacher demonstration with examplesCo-operative learningClass discussionCase Study 7 pg.129 (Questions 1&2)Student Feedback QuizM.C QuestionsShort Answers (diagrams, calculations and explanations )W9 15. illustrate other types of elasticities of demand, using simple calculations;PP Presentation – Elasticity of Demand Teacher demonstration with examplesCo-operative learningClass discussionStudent Feedback QuizM.C QuestionsShort Answers (diagrams, calculations and explanations )W1016. explain price elasticity of supply;17. illustrate price elasticity of supply, using simple calculations;PP Presentation – Elasticity of Demand Teacher demonstration with examplesCo-operative learningClass discussionCase Study 7 pg. 129 (Question 3)Student Feedback QuizM.C QuestionsShort Answers (diagrams, calculations and explanations )W11-1218. define the term 'market structure';19. outline the characteristics of market structures;20. identify the main types of market structures;21. describe market failure (and its causes and consequences)22. outline the main causes of market failure; and,23. state the main consequences of market failure.Summarize Chaps. 8 - 12PP Presentation – Market StructuresCo-operative learningClass discussion Case Study 8; pg. 133Case Study 9; pg. 140Chap.10 Test your understanding; pg. 143Case Study 11; pg. 148Chap. 12: Test your understanding; pg.154Student Feedback QuizM.C QuestionsEssay QuestionW 13Term Round upEND OF TERM 2 ................
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