Government Intervention: Price Controls, Quotas, and Subsidies Activity

Government Intervention: Price Controls, Quotas, and Subsidies Activity
Government Intervention: Price Controls, Quotas, and Subsidies Activity
Government Intervention: Price Controls, Quotas, and Subsidies Activity
Government Intervention: Price Controls, Quotas, and Subsidies Activity
Government Intervention: Price Controls, Quotas, and Subsidies Activity
Government Intervention: Price Controls, Quotas, and Subsidies Activity
Government Intervention: Price Controls, Quotas, and Subsidies Activity
Government Intervention: Price Controls, Quotas, and Subsidies Activity
Grade Levels
Product Rating
File Type

PDF (Acrobat) Document File

Be sure that you have an application to open this file type before downloading and/or purchasing.

14 MB|20 pages
Share
Product Description
Are you looking for an engaging and dynamic lesson that hits multiple intelligences and gives your students an opportunity to evaluate how government intervention like price controls, quotas, and subsidies affect price and quantity in the market? This is the activity you've been looking for!

This activity includes:

1) This "Government Intervention: Price Controls, Quotas, and Subsidies" Activity includes 5 parts. It begins with a graphic organizer that asks your students to describe how the use of a price ceiling changes price level and quantity in a market, as well as the pros and cons of price ceilings. Next, students will have a chance to explain how the use of a price floor changes price level and quantity in a market, as well as the pros and cons of price floors. Students will then describe how the use of a production quota changes price level and quantity in a market, as well as the pros and cons of quotas and why quotas are used in the product market. Then, students will theorize how the use of a per unit subsidy changes price level and quantity in a market, as well as the pros and cons of subsidies and why subsidies are used in the product market. Finally, students will use their knowledge to analyze 5 product markets and predict which government intervention should be used based on the goals provided. Students will graph the intervention, investigate how certain economic indicators will be effected, and then describe how the intervention accomplished the goal stated.

This activity can be used in many different ways in the classroom. Students can work independently, in pairs or this activity can be used as a jigsaw in order to facilitate a class wide discussion about the topics discussed in the activity.

2) A detailed answer key to the lesson activity to save you time and help guide student comprehension.

If you like this activity, check out our Unit Activity Bundle that includes activities for all of the objectives in this unit.

Supply and Demand Unit Activity Bundle

Best of all, this activity aligns to our "Unit 1.4 - Government Intervention" video lecture, which can be found here:

COMING SOON

For more of our video lectures, check out our "You/Will/Love Economics" YouTube channel and subscribe for upcoming videos:

You Will Love Economics on YouTube

If you like the content of our store please head over to our Facebook page to like and follow us for updates on upcoming products and chances at free give aways!

You Will Love History Facebook Page

You can also visit our shop right here on TPT and purchase Activities, Objective Bundles, Unit Bundles, Semester Bundles, and our Course Bundle, all of which align to our video lecture collection on YouTube!

Flip your classroom and the way your students learn economics TODAY!
Total Pages
20 pages
Answer Key
Included
Teaching Duration
90 minutes
Report this Resource
Loading...
$5.00
Digital Download
More products from You Will Love History
Product Thumbnail
Product Thumbnail
Product Thumbnail
Product Thumbnail
Product Thumbnail
Teachers Pay Teachers

Teachers Pay Teachers is an online marketplace where teachers buy and sell original educational materials.

Learn More

Keep in Touch!

Sign Up