Chapter 6 - Markets, Equilibrium, and Prices
Essential Question: How do you know when the price is right?
Chapter 5 Points Checklist:
Notebook Guide Questions (Complete all) - 5 points
Shifts of Demand and Supply Activity (Section 4) - 5 points
Power to Choose - Minimum Wage Discussion - 5 points
Reading Challenge - 5 points
Chapter 6 Quiz - 10 points
Notebook Guide Questions (Complete all) - 5 points
Shifts of Demand and Supply Activity (Section 4) - 5 points
Power to Choose - Minimum Wage Discussion - 5 points
Reading Challenge - 5 points
Chapter 6 Quiz - 10 points
Section 1 - Introduction
Answer the interactive student notebook questions about a product you recently purchased.
Read Section 1, and then think of an answer to our essential question.
Section 2 - What happens when demand meets supply?
Once you have completed Rounds 1 - 3 of the banana market activity, read Section 2 of your student text, and answer the 3 interactive notebook questions. The get ready for the next round of the banana market activity.
Section 3 - What happens when the price isn't "right"?
After all rounds of the banana market are complete and debriefed, read Section 3 and complete the 3 interactive notebook questions.
Section 4 - How do shifts in demand or supply affect markets?
Read Section 4, then complete the shifts in demand or supply activity linked below. Newspaper headlines can cause a shift in supply of demand, so read the headline and make your choice. Be sure to use the line, arrow, and textbox functions to properly label your graph shifts. Open the linked Google presentation file, rename it in your drive, and share it with me so I can view your work.
-Ch 6, Section 4 Shifts of Demand and Supply Google Presentation
-Ch 6, Section 4 Shifts of Demand and Supply Google Presentation
Section 5 - What roles do prices play in a modern mixed economy?
Read Section 5 and complete the 2 interactive notebook questions.
Section 6 - How does government intervention affect markets?
Read Section 5 and complete the 4 interactive notebook questions.
Summary
Read the summary, then complete the 5 Interactive Student Notebook questions about your own newspaper headline and how it effects prices.
The Power to Choose
Read the "Power to Choose" Section. Then...
Decide wether the minimum wage hurts or helps the economy. Create an original discussion post arguing your choice. Be sure to cite two specific pieces of evidence from the "Power to Choose" reading, and another two examples that you can brainstorm from your own experiences.
You must also respond to at least two other students posts.
Decide wether the minimum wage hurts or helps the economy. Create an original discussion post arguing your choice. Be sure to cite two specific pieces of evidence from the "Power to Choose" reading, and another two examples that you can brainstorm from your own experiences.
You must also respond to at least two other students posts.
Assessment
-Complete the Reading Challenge for Chapter 6
-Complete the Chapter 6 Quiz once you have reviewed your notes and completed the Reading Challenge.
-Complete the Chapter 6 Quiz once you have reviewed your notes and completed the Reading Challenge.