AP Economics -10/10/19

I.  Bellwork

A.  Briefly summarize the article below using CER (claim, evidence and reasoning) 3pts

B.  Explain the tariff’s impact on consumer surplus and producer surplus. 2pts

C.  Explain how dead weight loss is involved. 1 pt

II. Objectives

  • Graph and Calculate the change in consumer surplus, producer surplus, resulting from excise taxes
  • Graph and calculate the deadweight loss and revenue from taxes resulting from an excise tax
  • Determine the impact of an excise tax on consumer and producer surplus as well as discuss the incidence of a tax.

III.   Classwork:  

  • Worksheet 2.9 on iLearn 

IV. Due Yesterday

Page 528-531  MC 1-17 & FRQ #1

V.  Homework

  • Test corrections – see sheet on the blog

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