Week 4, Syllabus

Mr. Ditzenberger-Economics
Lessons: Demand Time: Week 4, Feb 4-6 Unit: How Markets Work
Objectives:
1. Students will give examples of the substitution and income effect and make a demand curve.
2. Students will demonstrate what they have learned by taking a Unit 1 test.
3. Students will explain how to calculate elasticity of demand and identify factors that affect elasticity.

Monday
1. Super bowl at Corrigan’s house.

Tuesday
1. Unit Test.
2. Poverty Report if time permits.

Wednesday
1. Turn in report for making a trade.
2. Go over quarter project.
3. The substation and income effect. Read and study these two sections. Give an example of each one.
4. Students make a demand (personal and market) curve based on a product that students choose. Show it to someone else in your group to see if it follows the same principles.
5. What factors, besides price, could change the demand curve? –read “What Causes a Shift?”
6. Read article-Shift in Demand because of Population-Korean wine consumption

Thursday
1. Chinese New Year.

Friday
1. Chinese New Year