Economics – 12/06/2016

I.  Bellwork

  • SAT Reading Questions

II.   Objective:

  • Describe externalities, distinguish between positive and negative externalities, and identify methods used to discourage negative externalities and encourage positive externalities.
  • Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence

III.  Notebook Work/Discussion:

  • Tree Map: Causes of Market Failures-Pgs 180-181
  • Distinguish between a positive and negative externality
  • Identify methods the government uses to discourage negative externalities and encourage positive externalities

  IV.  Classwork

A.   Whiskey fungus tarnishes homes in Kentucky  Q&A

  1. What is the negative externality and why is it a negative externality?
  2. Is there any positive externalities with having a distillery in the community?
  3. Construct and describe 2 different approaches to solve the problem and reduce the market failure

B.   Create questions for Section 7-2

  1. Construct 5 True & False Questions
  2. Construct 6 Multiple Choice questions with 4 choices (Circle Answers)


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Follow this blog

Get every new post delivered right to your inbox.




Skip to toolbar