This week, we came back from a joyous 4-day weekend and got straight into Unit 2. We began by focusing on all things demand. We learned all about the Law of Demand, the demand curve, the determinants (non-price factors) of demand and even the elasticity of demand. It's been a rigorous week, but it's been fun.
Suggested Reading: Textbook pgs. 78-96
Week #7 Vocabulary:
- Demand
- Law of Demand
- Demand Curve
- Demand Schedule
- Determinants (non-price factors) of Demand
- TRIBE
- Elastic Demand
- Inelastic Demand
- Supply
- Law of Supply
This week you DO have a blog post/homework that is due by Sunday at midnight. Please complete your blog as a new post in the following fashion, labeling it at Week 7 (I know it means we're skipping week 6 -- it was a test week):
- Paragraph 1: A thorough summary of our learning this week in class.
- Paragraph 2: Please answer the following question - If you ever have kids (pretend you are definitely going to), what do you think you will name them? Why?
- Paragraph 3: Please feel free to ask questions regarding the class here.
Week #7 Attachments:
Notes on Demand
Demand Intro Plane Pics
Determinants of Demand PPT
Shifting Demand WS
Elasticity of Demand PPT