Learning Target: I can use supply and demand to model economic systems.

Do Now (In Google Classroom): What is a model?

Supply & Demand


Macroeconomics for Today
Key Terms
When you finish, think like an economist:
  1. How can we explain the relationship between the Super Bowl winner and changes in the stock market?
  2. Greeting card sales are another tried and true indicator, according to a vice president of American Greetings. Before a recession sets in, sales of higher-priced greeting cards rise. It seems that people substitute the cards for gifts, and since there is no gift, the card must be fancier. Do you think this is correlation
    1. "a mutual relationship or connection between two or more things."

    or causation?
    1. "the action of causing something".