Economics – 11/13/14

I. Bellwork: Question & Answers

A. Graph an example of a Price Floor
1. Who benefits from it?
2. What does it create (shortage/surplus)?
3. Provide an example.

B. Graph an example of a Price Ceiling.
1. Who benefits from it?
2. What does it create (shortage/surplus)?
3. Provide an example

II. Objectives:
• Analyze and provide examples of how price controls are practiced and their impact.
• Identify the impact resulting from changes in Demand and Supply on equilibrium Price and Quantity
• Integrate and evaluate various graphic models in order to address a question or solve a problem.

III. Notebook Work-Mapping
• Bridge Map – Surplus & Shortage

IV. Classwork

• 6.-2 Equilibrium problems
• Learning-Targets-Chapter 6 template
• Chapter 6 Review Sheet-Due tomorrow for extra credit

V. Chapter 6 Test – Friday
• Study your notes
• Section 6.1 & 6.2 Handout
• Chapter 6 Review Sheet-
• Review Section 6.1 & 6.2 iLearn Quiz

VI. Exit ticket:
• Some concepts from Ch 6 that I am confident I know and can apply include:
• Some concepts from Ch 6 that I still need to review include:
• I can prepare for the test by:

Economics F2014