Period 6: Demand, Day 3

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
Merchants of Cool

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:

YouTube.com - "Demand" - The Economic Lowdown Video Companion

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:

Google Drive - Chapter 3: Demand Review Packet

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!

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!

Period 6: Demand, Day 1

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:

Google Drive: Chapter 3 - Demand PowerPoint

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.

Google Drive: Demand Articles Assignment

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!