Economics – 3/15/13

I. Bellwork:

• Economic Analysis Page 98 & 99 Q&A Interpreting Demand Graph

II.  Objective:

• Identify and provide examples of the factors which cause a change in quantity demand and a change in demand
• Integrate and evaluate multiple sources of information presented in diverse formats and media (e.g., visually, quantitatively, as well as in words) in order to address a question or solve a problem.

III. Discussion

• 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
  • Demand Curve Interactive

IV.  Classwork:

• Critical Thinking 4-2
• Demand-Shift-Worksheet

• Page 101  2-5 Q&A
• 5 specific examples of determinants that will cause the demand curve to shift to the right
• 5 specific examples of determinants that will cause the demand curve to shift to the left

V.  Online Quiz Sections 4-1 & 4-2–Starts today & Ends Sunday @ 11:55 pm

Economics W2013