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Chapter 6 Production and Costs
Inspiring Video: Law of diminishing marginal returns
Skills Check‧Data interpreting: Input-output relationship
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Chapter 7 The Objectives and Expansion of Firms
Flipped Classroom: The supply schedule of a competitive firm
Skills Check‧Data interpreting: Cost-output relationship
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Chapter 8 Determination of Market Price
Inspiring Video: Relative price
Flipped Classroom: Concept of demand
Skills Check‧Graph drawing: Drawing demand/supply curve(s)
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Chapter 9 Changes in Market Prices
Inspiring Video: Factors affecting supply
Skills Check‧Data interpreting: Events/situations leading to change(s) in demand and/or supply
Skills Check‧Graph drawing: Indicating the change(s) in demand and/or supply curve(s)
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Chapter 10 Price Elasticity of Demand and Supply
Inspiring Video: Factors affecting price elasticity of demand
Skills Check‧Data interpreting: Total revenue and elasticity of demand
Skills Check‧Graph drawing: Drawing demand/supply curves under different elasticities of demand/supply