Nov 11

Economics – 11/13/19

I Bellwork  Supreme Court Rejects Rent Control Challenge

  1. Explain the reasoning used by those against rent control.
  2. Explain the reasoning used by those supporting rent control.
  3. What factors did the Supreme Court take into consideration and what was the basis for their decision?  Do you agree? Explain.

II.   Objectives:

  • Analyze and provide examples of how price controls are practiced and their impact.
  • Identify the impact resulting from changes in Demand and Supply on equilibrium Price and Quantity
  • Integrate and evaluate various graphic models in order to address a question or solve a problem.

III.  Review & Discuss Chapter 6 Concepts

IV.  Chapter 6 Test Tomorrow

Nov 11

AP Economics – 11/13/19

I.  Bellwork:  on iLearn

II.  Objectives:

Discuss monopoly inefficiencies

Construct, analyze, and interpret graphs for monopolies to determine the consumer surplus, producer surplus,and deadweight loss resulting from inefficiency

III.  Discussion:  

  • Review Pages 628-629
  • Homework

IV.  Notebook:  

A.  Monopolies are inefficient because they…

  1. Charge a higher price
  2. Don’t produce enough
    • Not allocatively efficiency
  3. Produce at higher costs
    • Not productively efficiency

B.  Figure 62.1 page 624

C.  Dealing with Monopolies

V.  Classwork:

Worksheet 4.2 in Module 62 Folder on iLearn

Page 628 Check Your Understanding #1-2

Nov 11

Accounting – 11/13/19

I. Objectives:

  • Apply accounting terminology and practices/procedures used in cash controls on the exam
  • Interpret and analyze financial information to record journal entries, establish and replenish petty cash, and prepare a bank reconciliation.

II.  Chapter 5 Test


Multiple Choice on iLearn