Aim: If
prices act as "signals," do we all react to the signals in exactly
the same way?
Bell Ringer: Review Chapter 6 Assessment “Review Content
Vocabulary”
Objectives:
1. Students will explain ways firms engage in
price and nonprice competition.
2.
Students will define supply, demand, quantity supplied, and
quantity demanded; graphically illustrate situations that would cause changes
in each, and demonstrate how the equilibrium price of a product is determined
by the interaction of supply and demand in the market place.
Agenda:
1. Bell Ringer (10 min)
2. Complete 'Price & Decision Making'
Concept Map and Note-taking guide presentations. (rest of class)
3. Have students complete the note-taking
guide as each group presents their designated topic.
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Learning: Chapter 6 Assessment "Review Academic Vocabulary"
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