Economics – 11/16/2016
I. Bellwork
- ACT Reading Questions 14-16
II. Objective
- Analyze how prices change through the interaction of buyers and sellers in a market including the role of supply, demand, equilibrium, surpluses, and shortages.
- Synthesize information from a range of sources (e.g., texts, experiments, simulations) into a coherent understanding of a process,
- Draw evidence from literary or informational texts to support analysis and reflection
III. Notebook: Thinking Maps – Shortage and Surplus Identification
IV. Discussion and application of price changes
- Economic Low Down – Equilibrium
- Additional Equilibrium problem
- Supply and Demand Activity – The Pearl Exchange
VI. 6-2 Quiz – Graphing Supply and Demand tomorrow
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