Economics – 12/04/2015
I. Bellwork: – Q&A
- Explain what is happening in the cartoon.
- What is the government depicted as?
- Explain the message of the cartoon.
II. Objectives
- Discuss and provide analysis of the societal impact externalities and market failures (tragedy of the commons) while also exploring possible methods to resolve these issues..
- Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence.
III. Tragedy of the Commons Part 1 – Chalk Talk
IV. Section 7.2 & 7.3 Quiz Today
- Part 1 and Part 2
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