Economics – 10/07/13
I. Bellwork: Q&A
A. Page 97 – Companies in the News
- What are some of the changes McDonald’s has made noted in the excerpt??
- How do you believe the changes have impacted their business?
- What else do you believe McDonald’s can do to increase demand? Explain.
II. Objective:
- Explain the difference between a change in demand and a change in quantity demand
- Identify and examine factors that cause a change in demand
- Determine the meaning of words and phrases as they are used in a text
III. Discuss: 4-2 Factors Affecting Demand pages 97-101
IV. Notebook Work:
- Mapping: Changing in Quantity Demand (Income & Substitution Effect)
- Tree Map: Determinants of Demand (Copy and Complete)
V. Classwork:
- Exit ticket
- What did you learn today?
- What did you have trouble understanding?
VI. Online Quiz Today – Wednesday @ 5:30 – Sections 4.1 & 4.2
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