Elasticity of Demand

Elasticity can be a tough concept.  To help you get a better grasp of the concept I have included a few articles and videos.  Hope they help!

1.  Super Bowl XVIII Pricing:  A Lesson In Demand Elasticity

2. EconEd provides a video and quiz about Demand Elasticity.

3.  Video to help you understand price elasticity in under 5 minutes...

Demand

The concept of demand is most closely related to our role as consumers.  For those of you searching for clarification of demand, I've compiled a few resources that may help you out.


1.  Law of Demand, by the Khan Academy

2.  The Demand Curve

3. Demand Shifters

Comparative Economics 4-Square

Classes have been working on completed Comparative Economics Matrices, looking at information on the United States, North Korea and Norway. The purpose of compiling this information is to test your ability to analyze this information and form conclusions. You will be required to complete a 4-Square like the one found at the following link: Economics 4-Square.

GPS in Your Head?

Mental maps are used by all of us. Memorizing the route to your friend's house or giving someone directions to your house uses mental mapping. You mentally map the areas in which you live and travel without even being aware of it. This article looks at the wonders of the human mind as related to mental mapping.

Geography in the Classroom

As you may be aware, geography is the final topic our class will explore. This article examines ways in which to add geography to the classroom, as well as looking at how geography is important in your daily life. Follow this link to read more: Geography

Thinking Like A (Good) Economist

Chapter 7 Assignments