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Don Anderson, NBCT Smart Lesson-Price System

This lesson explores the role of the price system in economics, its benefits and limitations, and how externalities influence consumers. Activities include discussing how automobiles have affected the US and analyzing postwar housing in Economics. Students will also consider if healthcare is a public good.

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Don Anderson, NBCT Smart Lesson-Price System

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  1. Don Anderson, NBCT Smart Lesson-Price System

  2. Anderson Economics Objectives (SWBAT): ·Explain the role of the price system. ·Examine the benefits and drawbacks/limitations of the price system. ·Determine how externalities (positive and negative) affect non-demanders as well as demanders of various products. FMA-Warm-Up Activity Think how automobiles have changed the US. What are 2 or 3 unintended consequences to the environment, the workplace or the culture of the US related to driving/automotive endeavors?

  3. Day Activities ·1. Discuss FMA’s ·2. Discuss. Quest. on 85 2-5, 92 3-5 and 7 ·3. Video: Economics USA Link Postwar Housing —1st 9 minutes ·4. Notes 5.1 (Read as HW if no class time) ·5. Do pg 102 1-5 · Answer question: Should health care be classified a public good? Why or why not?

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