Economics – 10/07/11
I. Bellwork:
- Economic Analysis Page 98 & 99 Q&A Interpreting Demand Graph
II. Objective:
- Identify and examine factors that cause a change in quantity demand and a change in demand
III. Discussion
- Video: Episode 12_ Change in Demand vs Change in Quantity Demanded
- Chapter 4
- Difference between change in quantity demand & demand
- What does it mean when the demand curve shifts to the left or right?
- Income & Substitution Effect
- Identify determinants of demand & their impact
IV. Classwork:
- Page 101 2-5 Q&A
- 7 specific examples of determinants that will cause an increase in demand
- 7 specific examples of determinants that will cause a decrease in demand
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