ECONOMICS II: SUPPLY AND MARKET EQUILIBRIUM

Monday, September 22, 2014

 

Class learning outcomes:

·         Discuss the problem of scarcity

·         Explain implications for the intersection of demand and supply curves

·         Describe the potential incentives that influence everyday decision-making

Classroom Assessment Technique:

·         Resource scarcity game

·         Role play for market equilibrium

 

Class Activities:

9:00

Quiz

(One question from last week (demand); the other from this week reading (supply))

9:15

Overview of this week readings – discuss with students how health care providers and resources play roles in the market.

9:30

Resource scarcity game

10:00

Reflection

o   Let each student/group show the final product

o   Discuss about limited resources vs. unlimited wants

o   Discuss about the demand for services exceeds the supply

o   Discuss about the ways to deal with the scarcity

10:10

Lecture about health care supply

11:00

BREAK

11:10

Role play game for market equilibrium

11:25

Reflection

o   Discuss about how a trade is made

o   Discuss about why some patients don’t buy healthcare

o   Discuss about why some providers don’t provide services

o   Discuss about potential government interventions

11:40

Sum up implications for demand and supply

11:50

Wrap up, student questions, and next week preparation



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Peiyin Hung,
May 1, 2014, 10:18 AM
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