Economics · Week 9 · Business, Competition, and Labor
When Prices Are Capped
Examining the intended and unintended effects of price controls such as rent control through the views of several economists, and pausing to separate feelings from evidence.
- Students will
- Students describe the intended and unintended effects of a rent cap by calculating the shortage it can create and comparing views of economists.
- SEL skill
- Pause to separate a feeling from the evidence before judging
- What it looks like
- Students practice pausing to separate feelings from evidence before judging a policy.
- Content focus
- When prices are capped
- Format
- Collaborative analysis
Responsible decision-making
Responsible decision-making means choosing carefully and constructively by weighing ethics, safety, and the consequences of your choices. More responsible decision-making activities
What you get
A teacher guide with what to say, step by step, plus student pages and a supports page for students with diverse learning needs, including those with IEPs. Print or Project it, or assign it in Google Forms and Google Docs for Google Classroom. Your first 10 activities are free.
Standards
- 12.2.6: CA History Social Science Content Standard, Grade 12: Principles of Economics (standard 12.2, item 6)
- CA HSS Analysis Skill: HI4 Understand the meaning and impact of historical events and recognize that events could have taken other directions. (Historical Interpretation)
- C3 Framework (national): D2.Eco.8.9-12 Describe the intended and unintended consequences of government policies meant to improve market outcomes.
- Literacy in history: RH.11-12.8 Assess the extent to which the reasoning and evidence in a text support the author's claims.
Fits these textbook chapters
- Econ Alive! The Power to Choose, Chapter 6: Markets, Equilibrium, and Prices
- Economics, Chapter 6: Prices
- Economics: Principles in Action, Chapter 6: Prices
Textbook names are used only to help you find activities that fit what you teach. RoseThread Connect is not affiliated with these publishers.
More responsible decision-making activities for Economics
- The Cost of Every Choice Responsible decision-makingCalculating opportunity cost and marginal benefit, then using the same reasoning to weigh one real decision about how to spend an afternoon.
- Markets and Freedom Responsible decision-makingReading Adam Smith alongside economists who stress the limits of markets and practicing how to summarize a view fairly before responding to it.
- What Government Does in Markets Responsible decision-makingWeighing arguments for and against government roles in markets from several economic perspectives and practicing a fair summary of a view one does not hold.
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RoseThread Connect activities are drafted with the help of AI and shaped by educators. Students never have to share anything personal. Our five SEL skills are informed by CASEL's SEL Framework; RoseThread Learning is not affiliated with or endorsed by CASEL.