A picture at Disneyland that I took in 2007, which relates to the warm up question today!
Hi everyone,
I apologize that I could barely speak today in class - my voice was just about shot after the first two periods of the day! Luckily, today was mostly about completing the Chapter 3 review packet. Please finish it as homework, if you did not get to complete it today!
Soundtrack: “I Will Buy You A New Life” by Everclear. This song mentions the "West Hills" of Portland. Obviously connected to the concept of demand. Lyrics here.
AGENDA 4/17/13:
Warm Up
Demand Video
Chapter 3 Review
Homework: Keep working on review for the Chapter 3 test on Friday. Notebook check next class! Check the blog!
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Warm Up #17: “Why do many amusement parks not charge extra for their most popular rides, even though there are always long waiting lines for them?”
Think about what would happen if children kept demanding to go on their favorite rides. Eventually, parents would have to say no, and then what would happen?
Demand Video: I played this video from the St. Louis branch of the Federal Reserve Bank, which helps explain some of the main concepts in the demand chapter visually, in a different style than the book or PowerPoint:
Hopefully this helped you understand the concepts better!
Chapter 3 Review: The rest of class was devoted to completing the Chapter 3 review packet. If you missed class, or somehow lost the packet, you can download a copy here:
This is due at the start of next class.
Keep studying and be prepared for the Chapter 3 test on Friday! Let me know if I can clarify anything!
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