Economics SS – 7/03/14

I.  Objective:

• Determine what creates demand and what factors cause demand to change
• Plot a demand curve and apply the law of demand

II.  Demand Pages 91-95

III.  Classwork

A. Section 4-1

• Page 91 Vocabulary 11
• Page 95 2-6 Questions & Answers

B. Plotting Demand Curves

• Review Demand Schedule & Demand Curve – Figure 4.1
• Complete the demand curve worksheets attached
• 

• 2.  Review Market Demand Curve – Figure 4.2
  • A. Complete Market Demand Worksheets Below:
• Demand curve & Market demand Worksheet 1
• 

 

 

 

IV.  Discussion & Notes –  Demand Pages 91-95

• Identify the Conditions necessary for Demand (3)
• Define Microeconomics
• Demand Schedule & Demand Curve – Figure 4.1
• Law of Demand –
  • Video to watch: Diminishing Marginal Utility

IV.  Economics USA Video–

Supply and Demand Watch 0:00 -11:00 Copy Questions & Answer questions below:

1. What happened to California in 1975?
2. What were the residents of Marin County forced to do?
3. Why did Marin County have this problem?
4. List some sacrifices the residents made.
5. What did some farmers and landowners do?
6. How did the lack of water affect the marginal utility of water?
7. How did more water affect the marginal utility of water?

 

 

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