Economics – 10/02/13
I. Bellwork:
- Analyzing the Issue 1-2 Q&A Page 59
II. Objective:
- Determine what creates demand, what factors influence demand, and how economic models are used to represent demand.
- Determine the meaning of words and phrases as they are used in a text
III. Government Shut Down Explanation
IV. Discussion & Notes – Demand Pages 91-95
- Conditions necessary for Demand (3)
- Microeconomics
- Demand Schedule & Demand Curve – Figure 4.1
- Law of Demand –
- Market Demand Curve – Figure 4.2
- Diminishing Marginal Utility
V. Exit Ticket: Summarize what you learned today.
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