I.  Bellwork Explain how can you determine if the economy is doing poorly. II.  Objectives: Analyze the stages in the business cycle, their impact on the economy. Explain the 3 main economic goals in relation to the stages of the business cycle. III.  Introduction to Macro Economics Pages 10-15 A.  Analyze the Business Cycle (Macro) Episode […]

I.  Bellwork Learning Goals on iLearn II.  Objectives Explain how scarcity and choice are central to the study of economics Differentiate between positive economics and normative economics Recognize when Economists agree and why they sometimes disagree Determine what makes macroeconomics different from microeconomics III.  Discussion/Overview:  Clifford PPT 1.1 Introduction A,Individual Choice Resources are Scarce Opportunity […]

3rd Hour AP Exam – FRQ MC on Tuesday (tomorrow) 2nd Hour – FRQ tomorrow MC on Wednesday Financial Challenge Michigan  

I.  Bellwork iLearn Module 78 Questions II.  Objective Apply knowledge economic concepts to various problems to assess understanding III.  Classwork Post Test on Precision Exams (Extra 5 summative if you earn a certificate)

I.  Bellwork   A.  Page 761 MC 1-5 B.  Page 762 #2 a & b II.  Objectives Identify the three major antitrust laws and describe how they are used to promote competition Explain how government regulation is used to prevent inefficiency in the case of natural monopoly Discuss the pros and cons of using marginal cost […]

I.  Bellwork Page 758 FYI – Explain a solution that may assist in resolving the problem II.  Objectives: Characterize public goods and explain why markets fail to supply efficient quantities of public goods Define artificially scarce goods and explain why they are underconsumed Describe how government intervention in the production and consumption of these types […]

I.  Externalities and Public Policy pgs. 740-750 A.  Videos Micro 6.3 Negative Externalities Micro 6.4 Positive Externalities B.  Homework on iLearn 75.2 WS 75.3 WS A 75.3 WSB Section 75 Questions  

I.  Introduction to Externalities – Read pages 733-738 A. PPT &  Videos See the Winter Break Folder on iLearn for Module 74 PPT and Negative Externalities PPT Externalities Negative Externalities and the Coase Theorem Externalities: When Is a Potato Chip Not Just a Potato Chip? Do you now anyone who is a negative or positive […]

I. Over Break We will cover at least 2 modules over holiday break Module 74, 75 and 76? Everything will be on the blog and iLearn. Assignments for each section will be due 4 days after it is posted. – 20% deduction each day late II.  Discuss Final Schedule III.  DECA Happenings IV.  .  Section […]