Economics – 10/07/13

I. Bellwork: Q&A

A.  Page 97 – Companies in the News

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:

• Explain the difference between a change in demand and a change in quantity demand
• Identify and examine factors that cause a change in demand
• Determine the meaning of words and phrases as they are used in a text

III.  Discuss: 4-2 Factors Affecting Demand pages 97-101

• Video:Episode 12: Change in Demand vs Change in Quantity Demanded

IV. Notebook Work:

• Mapping:  Changing in Quantity Demand (Income & Substitution Effect)
• Tree Map:  Determinants of Demand (Copy and Complete)

V.  Classwork:

• Exit ticket
  • What did you learn today?
  • What did you have trouble understanding?

VI.  Online Quiz Today – Wednesday @ 5:30 – Sections 4.1 & 4.2

Economics F2013