Economics EATS/APG # 4

Start Date: October 22nd – November 3rd Finish Date: October 23rd – November 5th

Essential Question: How do consumers and producers work together to make economic decisions?

Standard(s): SSEMI2 The student will explain how the Law of Demand, the Law of Supply, prices, and profits work to determine production and distribution in a market economy.

SSEMI3 The student will explain how markets, prices, and competition influence economic behavior.

WHAT Assessment Prompts: WAP #1: Supply and Demand work together

WAP #2: Effects on price and quantity when supply and demand shift

Activating Strategy

Journal Entry – “Was there a time in your life when you had to work together to get some result? Describe that time and what your overall result was due to collaboration”?Key Vocabulary to Preview:

EquilibriumMarket Clearing Price

Teaching Strategies

Graphic Organizer Practice Problems

HOW Assessment Prompt:WAP #1: Supply and Demand work together

Date(s): October 22nd – November 3rd Day(s) of the week: Thursday - Monday

Instructional Chunk for WAP #1 - Including Detailed Steps

HAP #1: Students will take notes on the supply and demand graph. They will observe supply and demand coming together either from the promethean board or a magnetic board. We will generate a definition of equilibrium based on the graph they see.

Differentiation based on data:

Collect Data: Yes (Formal) No (Informal)

WAP #2: Effects on price and quantity when supply and demand shift

Date(s): October 23rd – November 3rd Day(s) of the week: Friday – Tuesday

Instructional chunk for WAP #2 - Including Detailed Steps

HAP #2: Remediation: Students will be given titles of different news articles. Using their notes. They are to determine if the article changes supply or demand. Then they will determine the shifter and the effects on price and quantity.

Differentiation based on data: Based on supply and demand quiz data, students will be given different assignments.

Collect Data: Yes (Formal) No (Informal)

Assignment or Extended Thinking:Students will complete the Market Interactions practice sheet.

Supply and Demand Scavenger Hunt – Students will locate real time articles using technology (ipads/laptops/cell phones) that could shift the supply and demand curve of some good or service. They will be responsible for identifying 12 articles. Once all articles are found, students will create a curated resource list with access to the sites. Students will also create a presentation using an online tool of their choice. They can access the curated resource lists for help on where to access different presentation tools as well as different sites they can start at to find articles. Students will turn their presentations in using a Padlet board. They will post both links (curated resource list & presentation) to the board to access for presentation to the class as well as grading for the teacher.

Summarizing Strategy: Students will share their scenarios with the class and we will popcorn around the room gathering answers and answering questions.

Summative Assessment: Supply and Demand Quiz