Economics – 11/15/12
I. Bellwork Q&A
If a new bridge to Canada is built:
- Provide and explain an example of a negative externality.
- Provide and explain an example of a positive externality.
II. Objective
- Identify functions and constraints of business structures.
- Examine the role of the government and legislation in correcting market failures.
III. Notebook Work
- Causes of Market Failures-Map Pgs 180-181
- Copy Figure 7.3 Page 186
- Page 191 – Copy Roles of Government-Map
IV. Video & Discussion
V. Classwork
https://news.bbc.co.uk/1/hi/world/americas/8056908.stm
a) What is the market failure that the government is trying to reduce?
b) How is the government attempting to fix the failure?
c) How effective do you believe this policy is likely to be in reducing the market failure?
- Page 189 2-6 Q&A
Leave a Reply