Economics – 11/09/18
I Bellwork: Questions & Answers
- Economics Analysis p. 157
- Economics Analysis p. 158
- Economics Analysis p. 159 (Hint find equilibrium)
II Objective
- Review and discuss principles and concepts as they relate to the determination of price.
- Analyze and provide examples of the practice of price controls.
- Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence
III. Notebook and Discussion
- Farm Subsidies — Stossel in the Classroom
- Agricultural Price Supports Pgs. 159-160- Circle Map
IV Classwork
A. Read: https://www.vox.com/2016/10/13/13268980/cheese-glut-united-states
- Why is there a surplus of cheese?
- What has prevented prices from falling?
B. Page 161 #2-5 Q&A
V. Chapter 6 Test – Tuesday
A. Study your notes:
- Section 6.1 & 6.2 Handout
- Chapter 6 Review Sheet–
- Section 6.1 & 6.2 iLearn Quiz
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