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2Readandinterpretdataintablesandgraphs P2.4Usemultipleperspectivesandresourcestoidentifyandanalyzeissuesappropriatetothe socialstudiesdisciplinebeingstudied. P2.5Usedeductiveandinductiveproblemsolvingskillsasappropriatetotheproblembeing studied Lessonobjectives:Studentswillunderstandhowelasticityaffectsthepricingofgoodsand services. Materials:InternetConnection,Prezi,GuidedNotes,A,B,CCards,4.3StudyGuide,Delaney Dollars Delivery:PirateThemedLesson Introduction PirateMusic Statethelessonobjective Studentswillunderstandhowelasticityaffectsconsumerchoicesandthe pricingofgoodsandservices. StatetheObjectiveofthePirateMission EachStudentisaPirateCaptainofaShip,theycontrolthepricesthattheysell theirplunderat. Thegoalofthegameistohavethemostamountofmoneyattheendofthe mission. Astheirinvestor,Iwilladvisethemalongtheway. Foundation Handout guidednotes A,B,andCcards. Prezi Intro StorylineIntro
Investor:ThePortofCometvillehasahighdemandforgoodsasincomes Cometlandianshaveincreased.Youaretaskedwithobtainingthose resources Elastic Plunder:GreenBeans SellatOptionsA,B,orC TotalExpenditureisrevealed EconomicConceptDefined Inelastic Plunder:WhaleOil SellatOptionsA,B,orC TotalExpenditureisrevealed EconomicConceptisDefined UnitElastic Plunder:Cookies SellatOptionsA,B,orC TotalExpenditureisrevealed EconomicConceptisDefined TotalExpenditureEvaluation TotalExpenditureasatestforelasticity WhyElasticityisimportant:RevenueStream Thosewiththehighesttotalexpenditures(win)andgetadditionalfunding (DelaneyDollars) DeterminantsofDemandElasticity CanthePurchasebeDelayed? AreAdequateSubstitutesAvailable? DoesthePurchaseUseaLargePortionofIncome? Capstone 4.3StudyGuide TotalExpenditureTestQuestions DeterminantsofDemandElasticityQuestionsinAction CriticalThinkingQuestions Vocab(Ifextratimeremaining) Assessments: ClassQuestions/Discussions 4.3StudyGuide Accommodations:AnyifApplicable