I.  Bellwork Q&A Pg 117 – Companies in the News What created a shortage of the flu vaccine? How did the market respond to the shortage? What is the current availability of the vaccine? II. Objective Define Supply; identify changes in quantity supplied and factors that cause a change in supply. Determine the meaning of words […]

I. Bellwork: On a separate sheet of paper write an MLA heading Write Chapter 4 Exam as the assignment title. II  Objectives: Apply concepts and principles to distinguishing between a change in quantity demand and a change in demand while identifying the determinants which impact each. Identify situations where demand is elastic and inelastic applying […]

I. Bellwork Page 113 #26 (Draw the graphs & place arrows demonstrating what will happen to each) II. Objective: Review and discuss concepts and principles relating to demand, quantity demand, and elasticity of demand Construct and evaluate various economic models to provide explanations that best accord with economic principles outlined in the text.. III.  Test Review: […]

I  Bellwork:  On Google Classroom II.  Objectives: Apply the total revenue test to determine demand elasticity Utilize the determinants of elasticity to form a judgement on the elasticity of an item Create a claim, evidence, and reasoning  on elasticity based upon information provided in an article III.  Discussion A.  Total Revenue Test – Brace Map […]

I.  Bellwork –  on iLearn – It closes at 11:40, so you need to start right away.  You will receive no sympathy II.  Objectives: Identify and analyze factors that influence demand elasticity. Apply concepts and principles from the text relating to demand elasticity to various problems III.  Classwork – Turn in Today Read Section 4-3 […]

I..  Bellwork: on iLearn Draw each graph 1-3.  Explain what changes   D or Qd. and illustrate the change on the graph. II.  Objectives: Identify and analyze factors that influence demand elasticity. Review and discuss concepts and principles relating to changes in demand and Qd Integrate and evaluate multiple sources of information presented in diverse formats […]

I.  Bellwork Demand DETERMINANTS bw II. Objectives: Identify and analyze factors that influence demand elasticity. Review and discuss concepts and principles relating to demand. Integrate and evaluate multiple sources of information presented in diverse formats in order to determine demand elasticity or inelasticity. III.  Turn in Homework IV.  Open Note – Quiz Section 4.1 & 4.2 […]

I.  Bellwork: Q&A   What is the movement shown in this graph called? List and explain 3 factors that could result in the movement shown in the graph. II.  Objective: Differentiate between a change in demand and a change in quantity demand. Evaluate information in order to determine the impact on demand and/or quantity demand. Construct a […]

I.  Bellwork: Q&A Page 97 – Companies in the News What are some of the changes McDonald’s has made ? How do you believe the changes have impacted their business? 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 […]

I.  Demand Curve Quiz Copy Schedule & Label all parts of the graph II.  Objective: Construct and interpret Demand Schedules and Demand Curves Provide a conclusion that follows from and reflects upon what is experienced, observed, or resolved. III. Discussion – Characteristics of a Demand Curve IV.  Classwork:   Hands On Activities 2 Demand Curve Page […]