The aftermath of Hurricane Katrina left the cities of New Orleans and Baton Rouge with a housing shortage. Using economic knowledge, explain the concepts.

The aftermath of Hurricane Katrina left the cities of New Orleans and Baton Rouge with a housing shortage. Using economic knowledge, explain the concepts of limited resources, scarcity, and supply/demand using the following RAFT assignment .

Allow time for students to share their RAFT assignments with a partner or the whole class. Students should include accurate and logical information in their RAFTs based on content they have learned about Katrina and its economic aftermath.  Go to Slide 2.

•What do you think would be needed to rebuild?•Do you think the demands were basically the same with most families? If so, talk about the "supply and demand" needed for these items. •How could supply and demand caused problems after a storm that devastated the area?•Do you think the problems attributed to the losses were fixed immediately? Explain your reason.•Now look at the final slide to work on a RAFT assignment.

Role Audience Form TopicOption 1 College Student Newspaper Readers Classified Ad Searching for

Affordable Housing

Option 2 Real Estate Agent Potential Customers Newspaper Ad Housing

Option 3 City Planner City Council Housing Proposal Public Housing

Option 4 Evacuee Government Officials Letter Temporary Housing

RAFT Options for Housing Shortage