Period 6: Demand, Day 2

One of the articles we were analyzing in regards to demand today was about fresh vegetables. Here's a nice salad full of vegetables that I enjoyed at JFK airport in New York, in 2010.

Dear class,

Like I said at the start of the day, today was largely a work day for getting the demand article analysis done and starting up the Chapter 3 review packet. Hopefully the vocabulary and concepts around demand are starting to make sense!

Soundtrack: “All I Wanna Do” by Sheryl Crow. Selected because you can think of the concept of demand as something like what people want to do with their money. Lyrics here.

AGENDA 4/15/13:
Warm Up
Demand Article Analysis
Chapter 3 Review

Homework: Keep working on review. Check the blog!
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Warm Up #16: “Why do many fast food restaurants promise a free meal if you are not given a receipt at the time of purchase?”

The answer here is that restaurants are giving the consumer an economic motivation for monitoring the cashier (in that they will not steal the money) for free.

Demand Article Analysis: In class, we were analyzing three different articles as to how they relate to the concept of demand. Here are the two documents you need to do this, if you missed class:

Google Drive: Demand Article Analysis Assignment

Google Drive: News Articles to Complete Demand Analysis (First 2) and the Third Article

We reviewed these briefly in class (the answers need to be in your economics notebook, please), then we moved on to:

Chapter 3 Review: At the end of class, I passed out the Chapter 3 review packet. We will keep working on this next class, in order to prepare for the Chapter 3 test on Friday. Here is the packet, if you didn't pick one up in class (I have plenty of copies if you want to start next class) and want to try and get some done before Wednesday:

Google Drive: Chapter 3 Review Packet

See you on Wednesday!