Economics – 3/17/14
I. Bellwork:
A. Page 97 – Companies in the News Q&A
- 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:
- Identify and provide examples of the factors which cause a change in quantity demand and a change in demand
- Determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the key details and ideas.
III. Discussion
- Difference between change in quantity demand & demand
- What does it mean when the demand curve shifts to the left or right?
IV. Notebook
- Change in Demand vs. Change in Quantity Demanded
- Brace Map: Change in Quantity Demand (Income & Substitution Effect)
- Tree Map: Determinants of Demand (Copy and Complete)
V. Classwork:
V. Online Quiz Sections 4-1 & 4-2–Tomorrow
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