Economics – 11/13/13

I.  Bellwork  Q&A

1.  Graph an example of a Price Floor

  • Who benefits from it?
  • What does it create (shortage/surplus)?
  • Provide an example.

2.  Graph an example of a Price Ceiling.

  • Who benefits from it?
  • What does it create (shortage/surplus)?
  • Provide an example

II.  Objectives:

  • Analyze and provide examples of how price controls are practiced and their impact.
  • Identify the impact resulting from changes in Demand and Supply on equilibrium Price and Quantity
  • Determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the key details and ideas.

III.  Notebook Work-Mapping

  • Price Controls-  Bridge Map

IV.  Discussion & Analysis

V.  Classwork

VI.  Exit ticket:

  • List some concepts from Ch 6 that you are confident about knowing.
  • List some concepts from Ch 6 that you are still need to review.

 


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