G11 - Week 6 - Day 1

In-class work

1. Syllabus review
2. Communication market
3. News presentations
4. Video questions?
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
5. HL Exercises 2-4
6. Exercises 5-13

At-home work

1. Ch. 4 flashcards on vocabulary and diagrams
2. Price Elasticity of Demand Formula and Interpretation (part 1)
3. Price Elasticity of Demand Formula and Interpretation (part 2)