Week 3: I can explain why nations find it beneficial to trade. I can explain why transaction costs are a barrier to trade. I can explain the "invisible hand" of the market.

Wednesday, August 23, 2017  3rd period

Bellringer:  Review Slideshow with teacher 10 min  Module 01
Planned questions related to quiz

Task 1:  Quiz 01 and Discussion 01 Response (30 min)
Monitor and assist students in using resources.

Task 2: Intro to Module 2:  Video and Reading Strategy 20 min)
Gains from Trade  Whole class instruction (and individual follow along)

Exit Slip: Assignment 1 is a quick written response.  (5 min)

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Friday, August 25, 2017 3rd period

Bellringer:  How are prices set?  Who sets the price for a Polar Pop?  Who sets the price of a Hershey's chocolate bar?

Task 1:  Auction House Rules

1. The auction may end at any time.  
2. You may not combine money and share an item.  

DeBrief -- Was it fair?  How did the prices change given the item purchased?  Or the price bid?  How would change the rules of Auction?

Task 3:  Read pp 15-26 or follow along at Prometheann board.  

Exit Slip: Revise your bellringer to reflect your greater knowledge.