Aim: If prices act as "signals," do we all react to the signals in exactly the same way?
Bell Ringer: Current Events / Journal 33 – Describe a current event (local, national, global) and present a solution to said predicament.
Objectives:
1. SS.912.E.1.8 Explain ways firms engage in price and nonprice competition.
2. SS.912.E.1.4 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. Review Journal 32 (Section 3 review)
3. Have students work on a concept map about their assigned section of the Price and Decision Making note-taking guide. (rest of class)
4. Grade Journals 21-30
Home Learning: Complete "Price & Decision Making" Concept Map
Be ready to present tomorrow!
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