Economics – 3/17/14

I. Bellwork:

A.  Page 97 – Companies in the News Q&A

1. What are some of the changes McDonald’s has made noted in the excerpt??
2. How do you believe the changes have impacted their business?
3. 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)
  • Identify determinants of demand & their impact
  • Demand Curve Interactive

V.  Classwork:

• Demand-Shift-Worksheet

• 4-2 Guided Reading

V.  Online Quiz Sections 4-1 & 4-2–Tomorrow

Economics W2014