- Outline the meaning of the term market.
- Explain the negative causal relationship between price and quantity demanded.
- Describe the relationship between an individual consumer’s demand and market demand.
- Explain that a demand curve represents the relationship between the price and the quantity demanded of a product, ceteris paribus.
- Draw a demand curve.
First up.... what are markets? Click here for task.
Next we will consider demand. We will watch the video and discuss and then you will be given a copy of a document to complete (also linked here).
And there will be homework! I will email you a Google Form which contains a short video to watch and questions to answer. This needs to be completed before the next class.