{"id":193,"date":"2010-09-13T18:19:31","date_gmt":"2010-09-14T00:19:31","guid":{"rendered":"http:\/\/opengecko.com\/ib-economics\/introducing-demand\/"},"modified":"2011-09-18T01:02:53","modified_gmt":"2011-09-18T07:02:53","slug":"introducing-demand","status":"publish","type":"post","link":"https:\/\/opengecko.com\/geckoview\/economics\/introducing-demand\/","title":{"rendered":"Introducing Demand"},"content":{"rendered":"<p><a href=\"http:\/\/opengecko.com\/resources\/economics\/markets\/Demand%20Curve%20illustrated%20-%20JP.xls\" target=\"_blank\"><font size=\"3\"><img loading=\"lazy\" decoding=\"async\" style=\"margin: 0px 20px 0px 0px; display: inline\" alt=\"Crystal Clear mimetype vcalendar.png\" align=\"left\" src=\"http:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/f\/fb\/Crystal_Clear_mimetype_vcalendar.png\/48px-Crystal_Clear_mimetype_vcalendar.png\" width=\"48\" height=\"48\" \/><\/font><\/a><font size=\"3\">EXCEL spreadhseet to explore \/ predict how a demand \u2018curve\u2019 might work.<\/font><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><font size=\"3\">MJMFoodie&#160; video introducing demand:<\/font><\/p>\n<p> <object width=\"480\" height=\"385\"><param name=\"movie\" value=\"http:\/\/www.youtube.com\/v\/uXlZIn6W7Ew?fs=1&amp;hl=en_GB&amp;rel=0&amp;color1=0x234900&amp;color2=0x4e9e00\"><\/param><param name=\"allowFullScreen\" value=\"true\"><\/param><param name=\"allowscriptaccess\" value=\"always\"><\/param><embed src=\"http:\/\/www.youtube.com\/v\/uXlZIn6W7Ew?fs=1&amp;hl=en_GB&amp;rel=0&amp;color1=0x234900&amp;color2=0x4e9e00\" type=\"application\/x-shockwave-flash\" allowscriptaccess=\"always\" allowfullscreen=\"true\" width=\"480\" height=\"385\"><\/embed><\/object>  <\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><font size=\"3\">Slideshow to prompt discussion \/ thought around the different variables that might move the demand curve. [<em>IB students should know how this relates to the concept of ceteris paribus (look it up) and that changes in these variables are breaking the ceteris paribus assumption. IGCSE students need not worry too much about this.<\/em>]<\/font><\/p>\n<p><iframe loading=\"lazy\" height=\"451\" src=\"https:\/\/docs.google.com\/present\/embed?id=djtc82k_253dgm5mkdv&amp;interval=5&amp;size=m\" frameborder=\"0\" width=\"555\"><\/iframe><\/p>\n<p><font size=\"3\">Link to original MS Powerpoint <a href=\"http:\/\/opengecko.com\/resources\/economics\/markets\/variables%20influencing%20demand.ppt\" target=\"_blank\">here<\/a>.<\/font><\/p>\n<p><font size=\"3\">If you need to review this, see the <\/font><a href=\"http:\/\/www.youtube.com\/watch?v=JWuHCaqDmck\" target=\"_blank\"><font size=\"3\">video on determinants of demand<\/font><\/a><font size=\"3\"> by <\/font><a href=\"http:\/\/www.youtube.com\/user\/jodiecongirl\"><strong><font size=\"3\">jodiecongirl<\/font><\/strong><\/a><\/p>\n<p><font size=\"3\">These changes cause the entire demand curve to shift either to the left or the right.<\/font><\/p>\n<p><font size=\"3\">MJMFoodie video on change in demand versus change in quantity demanded<\/font><\/p>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/aTSwcXJ700c?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Crystal_Clear_action_run.png\"><font size=\"3\"><img loading=\"lazy\" decoding=\"async\" style=\"margin: 0px 20px 0px 0px; display: inline\" alt=\"Crystal Clear action run.png\" align=\"left\" src=\"http:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/5\/5d\/Crystal_Clear_action_run.png\/48px-Crystal_Clear_action_run.png\" width=\"48\" height=\"48\" \/><\/font><\/a><font size=\"3\">Check the difference between \u201cmovements along&quot; and \u201cshifts of\u201d the demand curve by exploring these interactive examples:&#160; <\/font><\/p>\n<h4><a href=\"http:\/\/www.joehoy.com\/portfolio\/unext\/DemandCurve\/index.html\" target=\"_blank\"><font size=\"3\">Changes to the Demand Curve at www.joehoy.com<\/font><\/a><\/h4>\n<p><font size=\"3\"><\/font><\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Crystal_Clear_action_run.png\"><font size=\"3\"><img loading=\"lazy\" decoding=\"async\" style=\"margin: 0px 20px 0px 0px; display: inline\" alt=\"Crystal Clear action run.png\" align=\"left\" src=\"http:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/5\/5d\/Crystal_Clear_action_run.png\/48px-Crystal_Clear_action_run.png\" width=\"48\" height=\"48\" \/><\/font><\/a><font size=\"3\">You need to be really clear that demand is different from quantity demanded. This interactive tutorial by <\/font><a href=\"http:\/\/www.reffonomics.com\"><font size=\"3\">www.reffonomics.com<\/font><\/a><font size=\"3\"> should emphasise this even more:<\/font><\/p>\n<h4><a href=\"http:\/\/www.reffonomics.com\/TRB\/chapter4\/quantitydemanded.swf\" target=\"_blank\"><font size=\"3\">The Difference Between Quantity Demanded and Demand<\/font><\/a><\/h4>\n<p><font size=\"3\">Also, <\/font><a href=\"http:\/\/www.youtube.com\/user\/jodiecongirl\"><strong><font size=\"3\">jodiecongirl<\/font><\/strong><\/a><font size=\"3\"> gives an excellent summary on changes in demand and shifts of the demand curve:<\/font><\/p>\n<p> <object width=\"560\" height=\"340\"><param name=\"movie\" value=\"http:\/\/www.youtube.com\/v\/3tybNSz7thI?fs=1&amp;hl=en_GB&amp;rel=0&amp;color1=0x234900&amp;color2=0x4e9e00\"><\/param><param name=\"allowFullScreen\" value=\"true\"><\/param><param name=\"allowscriptaccess\" value=\"always\"><\/param><embed src=\"http:\/\/www.youtube.com\/v\/3tybNSz7thI?fs=1&amp;hl=en_GB&amp;rel=0&amp;color1=0x234900&amp;color2=0x4e9e00\" type=\"application\/x-shockwave-flash\" allowscriptaccess=\"always\" allowfullscreen=\"true\" width=\"560\" height=\"340\"><\/embed><\/object>  <\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><font size=\"3\">Once you think you have understood the concepts introduced above, here are some activities to attempt on line to check and consolidate your understanding.<\/font><\/p>\n<h4><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Crystal_Clear_action_player_play.png\"><font size=\"3\"><img loading=\"lazy\" decoding=\"async\" style=\"margin: 0px 20px 0px 0px; display: inline\" alt=\"Crystal Clear action player play.png\" align=\"left\" src=\"http:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/7\/72\/Crystal_Clear_action_player_play.png\/48px-Crystal_Clear_action_player_play.png\" width=\"48\" height=\"48\" \/><\/font><\/a><a href=\"http:\/\/hadm.sph.sc.edu\/COURSES\/Econ\/Demand\/Demand.html\" target=\"_blank\"><font size=\"3\">Economics Interactive Tutorial by Sam Baker at the University of South Carolina<\/font><\/a><\/h4>\n<p><font size=\"3\"><\/font><\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Crystal_Clear_action_player_play.png\"><font size=\"3\"><img loading=\"lazy\" decoding=\"async\" style=\"margin: 0px 20px 0px 0px; display: inline\" alt=\"Crystal Clear action player play.png\" align=\"left\" src=\"http:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/7\/72\/Crystal_Clear_action_player_play.png\/48px-Crystal_Clear_action_player_play.png\" width=\"48\" height=\"48\" \/><\/font><\/a><font size=\"3\">Visit this animation and explore it to answer the following questions:      <br \/><\/font><a href=\"http:\/\/www.bized.co.uk\/learn\/economics\/markets\/mechanism\/interactive\/demand1.swf\"><strong><font size=\"3\">http:\/\/www.bized.co.uk\/learn\/economics\/markets\/mechanism\/interactive\/demand1.swf<\/font><\/strong><\/a><\/p>\n<p><font size=\"3\">The diagram shows the amount consumers would like to purchase at a price of \u00a35 (32) What happens in the following cases?<\/font><\/p>\n<ul>\n<li><font size=\"3\">Price rises to 8 <\/font><\/li>\n<li><font size=\"3\">Price rises to 9 <\/font><\/li>\n<li><font size=\"3\">Price falls to 3 <\/font><\/li>\n<li><font size=\"3\">Price falls to 1 <\/font><\/li>\n<\/ul>\n<p><font size=\"3\">Explain why people may react in the way you have observed.<\/font><\/p>\n<p><font size=\"3\">[Activity taken from <\/font><a href=\"http:\/\/www.bized.co.uk\/learn\/economics\/markets\/mechanism\/interactive\/part1.htm\"><font size=\"3\">http:\/\/www.bized.co.uk\/learn\/economics\/markets\/mechanism\/interactive\/part1.htm<\/font><\/a><font size=\"3\">]<\/font><\/p>\n<p><font size=\"3\"><\/font><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EXCEL spreadhseet to explore \/ predict how a demand \u2018curve\u2019 might work. MJMFoodie&#160; video introducing demand: Slideshow to prompt discussion \/ thought around the different variables that might move the demand curve. [IB students should know how this relates to the concept of ceteris paribus (look it up) and that changes in these variables are&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,10,13],"tags":[40,120],"class_list":["post-193","post","type-post","status-publish","format-standard","hentry","category-economics","category-ib-economics","category-igcse-economics","tag-demand","tag-market"],"_links":{"self":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/comments?post=193"}],"version-history":[{"count":7,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/193\/revisions"}],"predecessor-version":[{"id":801,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/193\/revisions\/801"}],"wp:attachment":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/media?parent=193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/categories?post=193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/tags?post=193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}