Economics – 11/21/2016
I. Bellwork
Read the article Cheap Pearls
- Summarize the article (4-5 sentences)
- Create an economic model demonstrating what is happening
II. Objective
- 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 investors.
III. Discussion – Pgs. 156-161 Social Goals & Market Efficiency
- Price Ceilings and Floors- Economics 2.5
- Price Ceilings and Price Floors
- Price Ceiling — Rent Control Example from John Stossel
IV. Price Controls Bridge Map – Price Floor & Price Ceiling
V. Section 6-1 & 6-2 Review Worksheet
VI. iLearn Quiz tomorrow
Leave a Reply