G11 - Week 5 - Day 1

In-class work

1. Check Ch. 3 flashcards for vocabulary and diagrams
2. News presentations
3. Video questions?
1. Market Equilibrium, Disequilibrium and Allocative Efficiency

2. Consumer Surplus and Producer Surplus

4. Exercise 1

At-home work

1. Introduction to Dead Weight Loss (Welfare Loss)
2. HL Only - Finding Equilibrium using Linear Demand and Supply Equations
3. HL Only - Consumer Surplus and Producer Surplus in the Linear Demand and Supply Model
4. HL Only - Calculating the area of Deadweight Loss (welfare loss) in a Linear Demand and Supply model