Economics – 11/12/18
I. Bellwork
A; Draw and Label a graph illustrating a price ceiling. Explain why a price ceiling would be implemented.
B. Draw and Label a graph illustrating a price floor. Explain why a price floor would be implemented
II Objectives
- Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence.
- Analyze the impact of a change in public policy (price ceilings and price floors) on consumers, producers, workers, savers, and investor
III. Discussion
- Price Ceilings and Price Floors
- Minimum Wage
- Shifts in Demand & Supply on iLearn
IV. Classwork: Black Market Kidney Sales on Law and Order: SVU
Do You Believe People Should be Allowed to Sell their organs?
- (State your position/claim, provide evidence, and reasoning) – 1 paragraph
- (State the counterclaim & provide support with details) – 1 paragraph.
V. Test on Wednesday
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