{"id":16700,"date":"2018-12-17T21:16:50","date_gmt":"2018-12-18T02:16:50","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=16700"},"modified":"2018-12-18T09:09:39","modified_gmt":"2018-12-18T14:09:39","slug":"ap-economics-12-18-18","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2018\/12\/17\/ap-economics-12-18-18\/","title":{"rendered":"AP Economics &#8211; 12\/18\/18"},"content":{"rendered":"<p><b>I.\u00a0 Bellwork<\/b><\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2018-06-11\/a-tight-u-s-job-market-should-deliver-bigger-raises\"><b>Is Slow Wage Growth a Sign of Monopsony Power?<\/b><\/a><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">-Explain why some economists believe that slow wage growth indicates widespread monopsony power by employers?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">-What other factors could be the cause of slow wage growth?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">-If the slow wage growth is a result of monopsony power, is there a role for the government to address this?<\/span><\/li>\n<\/ol>\n<p><b>II.\u00a0 Objectives<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Explain the labor market applications of the marginal productivity theory of income distribution<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Identify and describe sources of wage disparities and the role of discrimination through examination of the text and completion of an outline<\/span><\/li>\n<\/ul>\n<p><b>III.\u00a0 Discussion \u00a0Pages 720-726<\/b><\/p>\n<p><span style=\"font-weight: 400;\">A.\u00a0 The Marginal Productivity Theory of Income Distribution: \u00a0the division of income among the economy\u2019s factors of production is determined by each factor\u2019s marginal productivity at the market equilibrium<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\"> Marginal Productivity and Wage Inequality<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Market Power<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Efficiency Wages<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Discrimination<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">B,\u00a0 Is the Marginal Productivity Theory of Income Distribution Really True?<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\">Does Marginal Productivity Theory Work?<\/span><\/li>\n<\/ol>\n<p>IV.\u00a0\u00a0<b>Claswork on iLearn<\/b><\/p>\n<ul>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=nJrYxXTYSTc\"><span style=\"font-weight: 400;\">Worksheet 73.1: Efficiency Wages<\/span><\/a><span style=\"font-weight: 400;\"> on iLearn<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> For each number in the outline above explain the concept and provide a real life example<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 Bellwork Is Slow Wage Growth a Sign of Monopsony Power? -Explain why some economists believe that slow wage growth indicates widespread monopsony power by employers? -What other factors could be the cause of slow wage growth? -If the slow wage growth is a result of monopsony power, is there a role for the government [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":["post-16700","post","type-post","status-publish","format-standard","hentry","category-ap-economics"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16700","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=16700"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16700\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=16700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=16700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=16700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}