{"id":10616,"date":"2014-11-16T21:59:51","date_gmt":"2014-11-17T02:59:51","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=10616"},"modified":"2014-12-20T00:14:34","modified_gmt":"2014-12-20T05:14:34","slug":"economics-111714","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2014\/11\/16\/economics-111714\/","title":{"rendered":"Economics &#8211; 11\/17\/14"},"content":{"rendered":"<p>I.\u00a0 <strong>Bellwork Q&amp;A<\/strong><\/p>\n<p><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2012\/11\/china-smog74003740_0.jpg\">\u00a0<\/a><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2012\/11\/china-smog74003740_0.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8464 alignleft\" src=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2012\/11\/china-smog74003740_0-300x186.jpg\" alt=\"Chapter 7 - China Smog\" width=\"465\" height=\"293\" \/><\/a><\/p>\n<ol>\n<li>What is happening in the picture? (Not a fire.)<\/li>\n<li>Who is impacted?<\/li>\n<li>How are they impacted?<\/li>\n<li>Why do you believe this is being allowed?<\/li>\n<\/ol>\n<p><strong> II.\u00a0 Objective:<\/strong><\/p>\n<ul>\n<li>Identify common circumstances related to market failures and the impact externalities have on society.<\/li>\n<li>Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence<\/li>\n<li>Determine central ideas of a text and analyze their development over the course of the text, including how they interact and build on one another to provide a complex analysis;<\/li>\n<\/ul>\n<p>III.\u00a0 <strong>Retakes<\/strong> Wednesday @ 2:30 in G204 (Retakes bring 3 paragraphs for section summaries)<\/p>\n<p>IV.\u00a0 <strong>Video &amp; Discussion<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=yC5R9WPId0s&amp;feature=relmfu\">Externalities<\/a><\/li>\n<li><a href=\"https:\/\/youtu.be\/ljrBEdg-QU4\">Externalities: When Is a Potato Chip Not Just a Potato Chip?<\/a><\/li>\n<\/ul>\n<p>V.\u00a0 <strong>Notebook Work\/Discussion:<\/strong><\/p>\n<ul>\n<li><strong>Tree Map: Causes of Market Failures-Pgs 180-181<\/strong><\/li>\n<li>Distinguish between a positive and negative externality<\/li>\n<li>Identify methods the government uses to <strong>discourage negative externalities<\/strong> and <strong>encourage positive externalities<\/strong><\/li>\n<\/ul>\n<p><strong>VI.\u00a0 Classwork<\/strong><\/p>\n<p>Provide an example of a positive externality\u00a0 and explain how it impacts the 3rd party positively.<\/p>\n<p>Provide an example of a negative externality\u00a0 and explain how it impacts the 3rd party negatively.<\/p>\n<ul>\n<li><span style=\"color: #ffffff;\">Page 179 Vocabulary (7)<\/span><\/li>\n<li><span style=\"color: #ffffff;\">P 183 2-6 Q&amp;A<\/span><\/li>\n<li><span style=\"color: #ffffff;\"><a style=\"color: #ffffff;\" href=\"https:\/\/www.youtube.com\/watch?v=IeFtPIvx1h8\">Whiskey fungus tarnishes homes in Kentucky<\/a> Q&amp;A<\/span><\/li>\n<\/ul>\n<p style=\"padding-left: 60px;\"><span style=\"color: #ffffff;\">a) What is the negative externality and why is it a negative externality?<\/span><br \/>\n<span style=\"color: #ffffff;\"> b) Is there any positive externalities with having a distillery in the community?<\/span><\/p>\n<p style=\"padding-left: 60px;\"><span style=\"color: #ffffff;\">c) Construct and describe 2 different approaches to solve the problem and reduce the market failure<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 Bellwork Q&amp;A \u00a0 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.\u00a0 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 [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-10616","post","type-post","status-publish","format-standard","hentry","category-economics-f2014"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/10616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/comments?post=10616"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/10616\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=10616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=10616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=10616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}