Economics – 11/01/19
I. Bellwork – Claim /Evidence/Reasoning
A. Who do you believe is impacted the most by rationing, producers or consumers? – THINK
- State your claim, provide evidence, and reasoning.
II. Objectives
- Analyze how prices change through the interaction of buyers and sellers in a market including the role of supply, demand, equilibrium, shortages, and surpluses.
- Develop claim(s) and counterclaims fairly and thoroughly, supplying the most relevant evidence for each
- Integrate and evaluate multiple sources of information presented in diverse formats in order to address a question or solve a problem.
III. Discussion & Notebook Activity
- Price & Rationing – Brace maps from yesterday
- Under what two conditions is rationing an acceptable
- Equilibrium Video
- Equilibrium Exercise
IV. Classwork
A. Additional Equilibrium problem
B. 148 Vocabulary (6)
C. 154 2-7 Q&A
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