This section of Computer Hope is designed to help users understand and make better decisions when purchasing computer hardware, software and computers. Be sure to review the section 'Buying locations' which gives you tips and what to look out for when purchasing computer hardware or software from any type of location.

This game helps students to understand the concepts of changing supply, changing demand, and equilibrium price, as the price of bags of ice changes after a hurricane has swept through a community.

Putting Math to Work

Type of Unit: Problem Solving

Prior Knowledge

Students should be able to:

Solve problems with rational numbers using all four operations.
Write ratios and rates.
Use a rate table to solve problems.
Write and solve proportions.
Use multiple representations (e.g., tables, graphs, and equations) to display data.
Identify the variables in a problem situation (i.e., dependent and independent variables).
Write formulas to show the relationship between two variables, and use these formulas to solve for a problem situation.
Draw and interpret graphs that show the relationship between two variables.
Describe graphs that show proportional relationships, and use these graphs to make predictions.
Interpret word problems, and organize information.
Graph in all quadrants of the coordinate plane.

Lesson Flow

As a class, students use problem-solving steps to work through a problem about lightning. In the next lesson, they use the same problem-solving steps to solve a similar problem about lightning. The lightning problems use both rational numbers and rates. Students then choose a topic for a math project. Next, they solve two problems about gummy bears using the problem-solving steps. They then have 3 days of Gallery problems to test their problem-solving skills solo or with a partner. Encourage students to work on at least one problem individually so they can better prepare for a testing situation. The unit ends with project presentations and a short unit test.

During this two-day lesson, students work with a partner to create and implement a problem-solving plan based on the mathematical concepts of rates, ratios, and proportionality. Students analyze the relationship between different-sized gummy bears to solve problems involving size and price.Key ConceptsThroughout this unit, students are encouraged to apply the mathematical concepts they have learned over the course of this year to new settings. Help students develop and refine these problem-solving skills:Creating a problem solving plan and implementing their plan systematicallyPersevering through challenging problems to find solutionsRecalling prior knowledge and applying that knowledge to new situationsMaking connections between previous learning and real-world problemsCommunicating their approaches with precision and articulating why their strategies and solutions are reasonableCreating efficacy and confidence in solving challenging problems in a real worldGoals and Learning ObjectivesCreate and implement a problem-solving plan.Organize and interpret data presented in a problem situation.Analyze the relationship between two variables.Use ratios.Write and solve proportions.Create rate tables to organize data and make predictions.Use multiple representations—including tables, graphs, and equations—to organize and communicate data.Articulate strategies, thought processes, and approaches to solving a problem, and defend why the solution is reasonable.

During this two-day lesson, students work with a partner to create and implement a problem-solving plan based on the mathematical concepts of rates, ratios, and proportionality. Students analyze the relationship between different-sized gummy bears to solve problems involving size and price.Key ConceptsThroughout this unit, students are encouraged to apply the mathematical concepts they have learned over the course of this year to new settings. Helping students develop and refine these problem solving skills:Creating a problem solving plan and implementing their plan systematicallyPersevering through challenging problems to find solutionsRecalling prior knowledge and applying that knowledge to new situationsMaking connections between previous learning and real-world problemsCommunicating their approaches with precision and articulating why their strategies and solutions are reasonableCreating efficacy and confidence in solving challenging problems in a real worldGoals and Learning ObjectivesCreate and implement a problem-solving plan.Organize and interpret data presented in a problem situation.Analyze the relationship between two variables.Use ratios.Write and solve proportions.Create rate tables to organize data and make predictionsUse multiple representations—including tables, graphs, and equations—to organize and communicate data.Articulate strategies, thought processes, and approaches to solving a problem and defend why the solution is reasonable.

This website offers a very simple yet helpful description and example of the interaction of supply and demand, and what will happen to price and quantity when one or both of your supply and demand curves shift. This would be a good place to start if you are just beginning a study on supply and demand.

Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition. The first edition of Principles of Macroeconomics by OpenStax is available in web view here.

By the end of this section, you will be able to:

Calculate and graph budget constraints
Explain opportunity sets and opportunity costs
Evaluate the law of diminishing marginal utility
Explain how marginal analysis and utility influence choices

By the end of this section, you will be able to:

Explain demand, quantity demanded, and the law of demand
Identify a demand curve and a supply curve
Explain supply, quantity supplied, and the law of supply
Explain equilibrium, equilibrium price, and equilibrium quantity

By the end of this section, you will be able to:

Identify factors that affect demand
Graph demand curves and demand shifts
Identify factors that affect supply
Graph supply curves and supply shifts