10/16/06 Obj: demand, quantity demanded, law of demand

1. test make ups
2. Stock team updates and grades in folder
3. Introduce Demand by discussing something in our lives that has a constant demand. 
4. Begin the wheat market

10/17/06  demand,  law of deman/price effect, demand curve

1.   Demand is quantities of a good or service consumers are willing to buy at different prices at different times. 

2.    Play the Wheat Market

Wed. 10/18/06 lots of snow  demand, law of demand, equilibrium, surplus, shortage

1.   Debrief simulation        

2.   Graph the results on worksheet

3.   Begin notes

4.   Read pages 23-24 connecting our learning:  What is the connection/ relationship between the law of diminishing marginal utility and quantity demanded?

5.   complete pages 25-26

Thursday 10/19/06

1. Correct page 25 and have absent people complete page 26 for tomorrow
2. Sealed bid on an  A
3. Pomegranate flavored pop tarts aren’t selling.  The store manager already paid for them.  He wants to clear space for strawberry flavored pop tarts.  As you walk by you hear him say that he learned about sunk costs in his economics class in High School and is deciding not to “cry over spilled milk” and throw them away.  Does he have any other option?
4. Why do businesses put items on sale?  To increase quantity demanded. Because price change only effects quantity demanded.  Is there another way for businesses to increase quantity demanded?
5. auction candy bar
6. sell second bar shift the curve
7. List determinants of demand
8. graph our results

Friday Oct. 20, 2006  determinants of demand, shift in demand

1. Warm up   and determinants questions
2. Demand Worksheet as practice due Monday