Economics – 10/09/12
I. Bellwork:
- Economic Analysis Page 98 & 99 Q&A Interpreting Demand Graph
II. Objective:
- Identify and provide examples of the factors which cause a change in quantity demand and a change in demand
III. Discussion
- Chapter 4
- Difference between change in quantity demand & demand
- What does it mean when the demand curve shifts to the left or right?
- Income & Substitution Effect
- Identify determinants of demand & their impact
- Demand Curve Interactive
IV. Classwork:
- Page 101 2-5 Q&A
- 5 specific examples of determinants that will cause the demand curve to shift to the right
- 5 specific examples of determinants that will cause the demand curve to shift to the left
V. Online Quiz Sections 4-1 & 4-2–Starts today & Ends Wednesday @ 11:55 pm
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