Nov 20

AP Economics – 11/21/19

I. Bellwork

Page 646-647 MC 1-5

II.  Objectives:

  • Explain the payoffs, dominant strategies, and Nash equilibrium given a payoff matrix
  • Examine the demand curve for a firm operating in a noncollusive oligopoly and explain the kink

III.  Class Discussion

IV.  Classwork

Section 65 Folder on iLearn:  65.1 & 65.3

V.  Homework

iLearn:   Oligopoly/Game Theory Work

Nov 20

Economics – 11/21/19

I.  Bellwork:

Analyze the cartoon below completing the 4-Square below.

Discuss with elbow partner.

tax-cartoon1

II.  Objectives:

  • Determine the central ideas or information; provide an accurate summary that makes clear the relationships among the key details and ideas.
  • Examine, analyze, and discuss the fundamental principles associated with taxation.

III. Discussion/Notes:

A.  Review:  Taxes Video

IV.  The Economics of Taxation Pages 229-236

  • PPT file and attached  Chapter 09 Section 1 -Notes in Notebook
    • Bubble Map – Economic Impact of Taxes
    • Brace Map – Criteria for Effective Taxes
    • Brace Map – Principles of Taxation
    • Types of Taxes Figure 9.2

V.  Classwork:

  • Page 229 Vocabulary (16)
  • Page 236 Q&A 2-6