This is a picture of two slices of pizza that I enjoyed in New York City in 2009. Pizza is a great example of diminishing marginal utility. One slice is very high in desirability. The second slice might be high, but not as high. Thank goodness there wasn't a third slice in this scenario, because I don't think I would have been able to eat it!
Dear class,
Yeah, it was one of those days with a lot of lecturing about content. I know it was not the most interesting class. I'll try to find different ways to help you understand the concepts. Hopefully, reading this recap and checking out the PowerPoint will be beneficial for you!
Soundtrack: “A Change Is Gonna Come” by Sam Cooke. Selected because the last slide of the PowerPoint was about changes to demand. Lyrics here.
AGENDA 4/10/13:
Warm Up/LT Check
Chapter 3 PowerPoint
Demand Article Analysis
Homework: Finish the financial collapse paper if you have not done so (due by tomorrow if you want to not have a zero on it for your quarter grades). Check the blog!
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Warm Up/LT Check: As the class was answering the warm up question, I went around and checked to see who had done the Chapter 3 Learning Targets, for a note card on the Chapter 3 test. The warm up question for today (#15 in your notebook) was: Why do most department stores place men’s fashions on the lower floors and women’s fashions on the higher floors?
Chapter 3 PowerPoint: I tried as best as I could in class to explain this carefully and thoroughly. If you do not understand the terms and concepts, please let me know and I will try to explain them again! I think I might have to come up with another illustration of the shift in demand charts, as that one seemed to be difficult. Here's the PowerPoint, if you want to review it:
Knowing these concepts are key to passing the Chapter 3 test!
Demand Article Analysis: We didn't have a whole lot of time to start with this, so we will do most of the assignment in class next week. If you missed class, here is the assignment: we are reading three articles that have to do with demand (in some way), and writing in your notebook about them.
Next class, I will link to the three articles we are analyzing. Just come to class ready to work on this next week, please.
Thank you!
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