I.  Bellwork Marco’s subs sells 400 sub sandwiches a week at a price of $5.00 each.  Marco soon raises the price to $5.50 and is able to sell 380 sub sandwiches for the week. A.  Determine Marco’s Total Revenue before and after the price change. B.  Determine if demand is elastic or inelastic and explain […]

I.  Bellwork: Page 113 #26 Page 113 Math Practice #29 a & b (Write questions and answers for b) II.  Objective: Assess student understanding and application of concepts pertaining to the economic principle of demand. Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence. III. Turn in your […]

I.  Bellwork Q&A: List the 3 determinants of demand elasticity. Provide 2 examples of an inelastic product/service. (Be specific) II.  Objective: 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 and media) in order to determine […]

I. Bellwork: Q&A   What is the movement shown in this graph called? List and explain 4 factors that could result in the movement shown in the graph. II.  Objective: Identify factors that influence the size of a change in the quantity demanded (elasticity) Integrate and evaluate multiple sources of information presented in diverse formats […]

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 […]

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

I. Bellwork: Q&A Economic Analysis Pages 92 & 94 Q&A II. Objective: Construct and interpret Demand Schedules and Demand Curves Identify and examine factors that cause a change in demand III.  Notebook Work:  Constructing Demand Curves https://www.slideshare.net/lntrullin/demand-curve-practice-worksheet#  Hands On Activities 2 Demand Curve IV.   Demand Curve Quiz

I.  Bellwork – Q &A II.  Objective Determine what creates demand and identify factors which cause demand to change Determine the meaning of words and phrases as they are used in a text III.  Discuss Demand Pages 91-95 IV.  Notes on Demand V.  Classwork Page 91 Vocabulary 11 Page 95 2-6 Questions & Answers

I. Bellwork Page 56    1-8 – answer only II.  Objectives: Cite specific textual evidence to support analysis of primary and secondary sources, connecting insights gained from specific details to an understanding of the text as a whole. Complete Chapter 2 Assessment applying concepts and principles which focus on how economic systems allocate resources, the evaluation […]

I. Bellwork:   Base upon the information provided in the table below, what are three conclusions you can make when comparing a traditional and market economy. II.  Objective: Examine the problems/shortcomings of a capitalist society and explore where improvements can be made. Integrate information from diverse sources, both primary and secondary, into a coherent understanding […]