Economics – 12/09/2016

I.  Bellwork

• SAT – 40 & 41

II.  Objectives:

• Analyze current events to categorize by examining the conditions which create market failures and categorizing market failures.
• Use source documents to categorize various market failures as well as examine their causes and impact

III.  Brace Map – Government & Externalities

IV.  Market Failure – Current Events

A.  Sketchers to Pay

1. Explain the specifics of what Sketchers did.
2. What market failure does this involve?

B.  Panel Looks at ATT-Time Warner Deal

1. What are the reasons that some people oppose this merger?
2. What type of market failure could this merger represent?
3. Explain the benefits that some people believe could result from this merger..
4. Explain your opinion on whether or not the merger should be allowed.

C.  Got job skills? Michigan Needs You

1. Explain how this article relates to market failures.  Several failures (problems) are cited.  – use evidence

V.  iLearn Chapter 7 Quiz Attempt 1 –

Economics F2016