UNIT: Demand (How Markets Work)
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Learning Targets for the Unit:
I CAN...explain the law of demand.
I CAN...describe how the substitution effect and the income effect influence decisions.
I CAN...create a demand schedule for an individual and a market.
I CAN...interpret a demand graph using demand schedules.
I CAN...explain the difference between a change in quantity demanded and a shift in the demand curve.
I CAN...identify factors that create changes in demand and that can cause a shift in the demand curve.
I CAN...show how a change in demand for one good can affect demand for a related good.
I CAN...explain how to calculate elasticity of demand.
I CAN...identify factors that affect elasticity.
I CAN...explain how firms use elasticity and revenue to make decisions.
Essential Question(s) for the Unit:
Who benefits from the free market economy?
How do households decide what to buy?
How can households affect demand?
How can firms affect demand?
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COLOR KEY: WEBSITE/REVIEW VIDEO LINK SUMMATIVE ASSESSMENT CLASS NOTES DUE DATE
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Date
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Assignment/Activity
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Description/Directions
(select above for unit folder with assignments)
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Due Date
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UNDERSTANDING DEMAND
(Chapter 4 Section 1)
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SELECT HERE FOR REVIEW VIDEO - Demand Overview
SELECT HERE FOR REVIEW VIDEO - A Deeper Look at Demand 1. Read Chapter 14 Section 1
2. Complete the table on pg. 85 as you read.
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THURS
4/9
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SHIFTS IN THE DEMAND CURVE
(Chapter 4 Section 2)
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2. Complete the web on pg. 91 as you read.
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THURS
4/9
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ELASTICITY OF DEMAND
(Chapter 4 Section 3)
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SELECT HERE FOR REVIEW VIDEO - Elasticity of Demand
SELECT HERE FOR REVIEW VIDEO - Calculating Demand and Revenue 1. Read Chapter 14 Section 3
2. Complete the chart on pg. 97 as you read.
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THURS
4/9
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| 4/9 | Formative Assessment | 1. Take quiz for Sections 1-3 2. Correct and note accurate answers 3. Go over quiz with neighbor to determine why the correct answers are correct | |
| 4/10-4/13 | Vocabulary | 1. For all vocab words, write the definitions 2. For your assigned words, complete all squares 3. Share your assigned squares with small group SELECT HERE FOR DEMAND VOCABULARY | MON 4/13 |
| 4/15 4/17 | Test Review | 1. Complete wkst review for demand 2. Complete "Calculating Elasticity of Demand" wksts 3. Answer Key for both above (to check answers) is on the back of wkst #2 Here are the answers & "how-to"  | |
| 4/20 | TEST | Test for Unit 3 (Demand) -you CAN use your notes (not the textbook or pre-test) | |
| 4/21 | TEST | 1. Complete Vocabulary Test -No notes 2. Finish Unit 3 Test | |
Daily Activities
Most activities/assignments listed here are explained & detailed in the chart above.
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APRIL 6 - 10 2015
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Monday (April 6)
NO SCHOOL
Tuesday (April 7)
1. CNN Student News
2. Work on test corrections
3. Start reading for Unit 3 (Chapter 4: Demand)
2. Work on test corrections
3. Start reading for Unit 3 (Chapter 4: Demand)
Wednesday (April 8)
1. Finish test corrections
2. Reading Assignment work time
2. Reading Assignment work time
Thursday (April 9)
1. Completion check on homework
2. Take formative quiz
3. Correct and note accurate answers
4. With a neighbor, go over and discuss answers
2. Take formative quiz
3. Correct and note accurate answers
4. With a neighbor, go over and discuss answers
Friday (April 10)
1. Go over "notes" part of each assignment
2. Work on vocab assignment due: Monday
2. Work on vocab assignment due: Monday
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APRIL 13 - 17 2015
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Monday (April 13)
1. Go over vocab squares with your "expert group"
2. In your "share groups" present your vocab and go over answers to assignment - mark areas in which you still have questions after discussion
2. In your "share groups" present your vocab and go over answers to assignment - mark areas in which you still have questions after discussion
Tuesday (April 14)
1. Lecture & Notes - understanding demand and what causes shifts in demand curves
Wednesday (April 15)
1. Complete Test Review
2. Lecture & notes - determinants of elasticity of demand, elastic and inelastic shifts
2. Lecture & notes - determinants of elasticity of demand, elastic and inelastic shifts
Thursday (April 16)
1. Lecture & Notes - calculating elasticity of demand from demand schedules & graphs, calculating revenue, impact of demand & pricing on revenue
Friday (April 17)
1. Practice calculating elasticity of demand; test review
TEST MONDAY
TEST MONDAY
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APRIL 20 - 24 2015
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Monday (April 20)
1. Test - Demand (Unit 3)
Tuesday (April 21)
1. Take Vocab test and finish test
Wednesday (April 22)
1.
Thursday (April 23)
1.
Friday (April 24)
1.
