{"id":16476,"date":"2018-11-19T21:26:26","date_gmt":"2018-11-20T02:26:26","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=16476"},"modified":"2018-11-20T11:34:41","modified_gmt":"2018-11-20T16:34:41","slug":"economics-11-20-18","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2018\/11\/19\/economics-11-20-18\/","title":{"rendered":"Economics &#8211; 11\/20\/18"},"content":{"rendered":"<p>I.\u00a0 \u00a0<b>Bellwork: Q &amp;A<\/b><\/p>\n<p>A<a href=\"https:\/\/news.bbc.co.uk\/1\/hi\/world\/americas\/8056908.stm\">. \u00a0<b>Obama moves to curb car emissions<\/b><\/a><\/p>\n<ol>\n<li>What is the market failure that the government is trying to reduce?<\/li>\n<li>How is the government attempting to fix the failure?<\/li>\n<li>What government agency\/agencies may be involved?<\/li>\n<li>How effective do you believe this policy is likely to be in reducing the market failure?<\/li>\n<\/ol>\n<p><b> II. Objective:<\/b><\/p>\n<ul>\n<li>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..<\/li>\n<li>Integrate and evaluate multiple sources of information presented in diverse formats and media in order to address a question or solve a problem.<\/li>\n<\/ul>\n<p>III. \u00a0<b>Discussion: Externalities, Public Goods &amp; Tragedy of the Commons<\/b><\/p>\n<p>A.\u00a0 <a href=\"https:\/\/www.youtube.com\/watch?v=IeFtPIvx1h8\">Whiskey fungus tarnishes homes in Kentucky<\/a><\/p>\n<ol>\n<li>What is the negative externality and why is it a negative externality?<\/li>\n<li>Is there any positive externalities associated with having a distillery in the community?<\/li>\n<li>Construct and describe 2 different approaches to solve the problem and reduce the market failure<\/li>\n<\/ol>\n<p>B.\u00a0 King of the Hill &#8211; Price Fixing\u00a0\u00a0 <span style=\"color: #ffffff;\">https:\/\/www.dailymotion.com\/video\/x5vc54z<\/span><\/p>\n<p>C.\u00a0 \u00a0Tragedy of the Commons<\/p>\n<ol>\n<li><a href=\"https:\/\/youtu.be\/B0vmP7HoFI4\"><b>John Stossel \u2013 Tragedy Of The Commons<\/b><\/a><\/li>\n<li><a href=\"https:\/\/www.criticalcommons.org\/Members\/economicstube\/clips\/pee_in_pool.wmv\/view\">South Park: Tragedy of the Commons<\/a>\n<ol>\n<li>\u00a0Explain the economic concept the tragedy of the commons.<\/li>\n<li>\u00a0Explain how the South Park video is an example of the tragedy of the commons<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<hr \/>\n<p><b>IV. \u00a0 Classwork\/Homework<\/b><\/p>\n<p><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2014\/11\/Ch7-Enrichment-Activities.pdf\">A.\u00a0 Ch7 \u2013 Enrichment Activities<\/a>: \u00a0Complete a <a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2014\/09\/Four-Square.pdf\">Four Square<\/a><\/p>\n<ol>\n<li>\u00a0Create an example of a situation illustrating the Tragedy of the Commons.<\/li>\n<li>Provide detail and explain why your example illustrates the tragedy of the commons.<\/li>\n<li>Provide a solution\/strategy that may be successful used to correct the problem and explain how it will work in detail.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 \u00a0Bellwork: Q &amp;A A. \u00a0Obama moves to curb car emissions What is the market failure that the government is trying to reduce? How is the government attempting to fix the failure? What government agency\/agencies may be involved? How effective do you believe this policy is likely to be in reducing the market failure? II. [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[],"class_list":["post-16476","post","type-post","status-publish","format-standard","hentry","category-economics-f2018"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16476","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=16476"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16476\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=16476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=16476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=16476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}