Economics – 11/04/13

I. Bellwork

  • If prices are high, explain how:
    • consumers react
    • producers react

II. Objective

  • Analyze how prices send signals and provide incentives to buyers and sellers in a competitive market.
  • Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence

III.    Discussion:

A.  Prices as Signal Pages 142-146

B.  Videos –  Rationing

IV.  Notebook Work

  • Section 6-1 Notes from iLearn
    • Brace Map – Advantages of Prices & Problems with Rationing

V. Classwork

  • Page 143  Vocabulary (6)
  • Page 146 Q&A 2-7


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