Economics – 10/31/19
I. Bellwork
Is Uber’s Surge-Pricing an Example of High-Tech Gouging?
- 3-2-1 Strategy- After reading the article, write and complete the following statements: (Must use 5 or more words)
- Three things I discovered/learned:
- Two things I found interesting:
- One question I have about this topic:
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:
- Prices as Signal Pages 142-146
- The Price System, Part 1: Information
IV. Videos – Rationing
- https://www.tes.co.uk/article.aspx?storyCode=6109398
- WWII Rationing – Office of War Information
- https://www.newsnet5.com/dpp/news/local_news/video-vault-gas-lines-and-gas-shortages
- Gas Rationing in New York
V. Notebook Work–
- Section 6-1 Notes from iLearn
- Brace Map – Advantages of Prices & Problems with Rationing
VI. Classwork
- Page 143 Vocabulary (6)
- Page 146 Q&A 2-7
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