I.  Bellwork Q&A: There are some products/items people may continue to purchase regardless of the increase in price. List two of the products and explain why this may occur for each product. II.  Objectives: Identify and analyze factors that influence demand elasticity. Review and discuss concepts and principles relating to demand. Integrate and evaluate multiple […]

I.  Bellwork Explain the difference between a change in demand and a change in quantity in demand. Construct graphs which illustrate the difference between a change in demand and a change in quantity in demand. II.  Objective: Examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing to […]

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: 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: 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 […]

I.  Bellwork Q&A 1-5 Chp 4 Primary and Secondary Sources Workbook 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/Notebook Work:  Constructing Demand Curves Quick Review of Topics Demand Schedule and Curve for Apples Market Demand Curve […]

I. Bellwork: Write a paragraph (3-6 sentences) about a product or service you tried to purchase that was difficult to obtain due to high demand.  Explain why demand for the product or service was so high and how you were able or unable to obtain the product or service II.  Objective: Determine what creates demand, […]

I.  Bellwork:  Economic Cartoon: Q&A Q&A What is happening in the cartoon? Explain the symbolism used in the cartoon. What is the message of the cartoon?       II.  Objectives: Complete Chapter 2 Assessment by applying concepts and principles which focus on how the allocation of goods and services, the evaluation of economic performance, […]

I.  Bellwork              Q&A What is happening in the cartoon? What is the point that is being made? II.  Objective: Review concepts and principles which focus on how economic systems allocate resources, the evaluation of economic performance, and the role of government in the economy. Examine the economic freedoms and rights associated with living in a […]

I.  Bellwork : Complete – 4 Square John Stuart Mill – The Role of Government Four Square II.  Objective: Analyze government’s role in the economy in relationship to the economic goals of society. Determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the […]

I.  Bellwork A.  Eminent Domain and Property Rights Q&A Identify two restrictions under which the government must operate when exercising eminent domain authority. Explain why the U.S. Supreme Court’s statement in the Kelo case is confusing? Explain the two qualities a public good must have? Why are private property rights important? What do you believe […]