I.  Bellwork: A. Claim Statement Q&A Do you believe that government regulation and agencies are necessary? Explain and cite examples. Present the counterclaim to your statement. Explain and cite examples. II.  Objective: Discuss and provide analysis of the societal impact externalities and market failures (tragedy of the commons) while also exploring possible methods to resolve […]

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 the purpose of legislation which constrains the functions of  business structures. Examine and explain the role of the government  and legislation in correcting […]

I.  Bellwork Q&A   What is happening in the picture? (Not a fire.) Who is impacted? How are they impacted? Why do you believe this is being allowed? II.  Objective: Identify common circumstances related to market failures and the impact externalities have on society. Evaluate various explanations for actions or events and determine which explanation […]

I.  Bellwork: Q&A Page 165  #23 a-d II.  Objective:  Chapter 6 Assessment:  Analyze and interpret how prices change through the interaction of buyers and sellers in the market and the impact of price controls III. Turn in Your Notebooks & Chapter 6 Review Sheet IV.  Classwork Discuss Chapter 6 iLearn Questions V.  Chapter 6 Test

I. Bellwork: Question & Answers A. Graph an example of a Price Floor 1. Who benefits from it? 2. What does it create (shortage/surplus)? 3. Provide an example. B. Graph an example of a Price Ceiling. 1. Who benefits from it? 2. What does it create (shortage/surplus)? 3. Provide an example II. Objectives: • Analyze […]

I.  Bellwork Q&A Economics Analysis Pages 157, 158, and 159 (Hint find equilibrium) II.  Objective Review and discuss principles and concepts as they relate to the determination of price. Analyze and provide examples of the practice of price controls. Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence […]

I. Bellwork A.) Your store is constantly selling out of a certain cologne. Explain what can you conclude about the cologne’s current price in regards to equilibrium? Explain what should you do? B.) The cost of attending college is becoming increasingly expensive and more difficult for many students to afford. Explain the positive outcomes would […]

I.  Bellwork Q&A From a starting point of D & S What is the current equilibrium price? Where does S &D intersect. What is the new price if demand remains constant and supply increases to S2? What would be the new price if demand decreases to D1 and Supply increases to S2? What would be the […]

I.  Bellwork Copy the schedule, identify and label the amount of shortage or surplus           Price Quantity Demanded Quantity Supplied Shortage/Surplus $1.00 500 100   $2.00 350 200   $3.00 250 250   $4.00 150 400   $5.00 50 500   II.  Objective Analyze how prices change through the interaction of buyers and sellers in a […]

I.  Bellwork  – Q&A Who do you believe is impacted the most by rationing, suppliers or consumers? Support your claim. Present and support what someone may claim in the counter argument. II.  Objective Analyze how prices change through the interaction of buyers and sellers in a market including the role of supply, demand, equilibrium, shortages, […]