{"id":16752,"date":"2019-01-06T23:39:09","date_gmt":"2019-01-07T04:39:09","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=16752"},"modified":"2019-01-07T00:39:48","modified_gmt":"2019-01-07T05:39:48","slug":"ap-economics-1-07-19","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2019\/01\/06\/ap-economics-1-07-19\/","title":{"rendered":"AP Economics &#8211; 1\/07\/19"},"content":{"rendered":"<p><strong>I.\u00a0 Bellwork<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Page 758 FYI &#8211; Explain a solution that may assist in resolving the problem <\/span><\/p>\n<p><strong>II.\u00a0 Objectives:<\/strong><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Characterize public goods and explain why markets fail to supply efficient quantities of public goods<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Define artificially scarce goods and explain why they are underconsumed<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Describe how government intervention in the production and consumption of these types of goods can make society better off<\/span><\/li>\n<\/ul>\n<p><strong>III.\u00a0 Discussion <a href=\"https:\/\/www.youtube.com\/watch?v=mYtW1Ug7L_s\">Public Goods<\/a> \u00a0P753-760<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">A.\u00a0 Private Goods \u2013 And Others<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\">\u00a0Characteristics of Goods Figure 76.1<\/span><\/li>\n<\/ol>\n<p style=\"padding-left: 30px;\"><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0a.\u00a0 Excludable &amp; Rival in consumption<\/span><\/p>\n<p style=\"padding-left: 30px;\"><span style=\"font-weight: 400;\">2. Why Markets Can Supply Only Private Goods Efficiently<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0a. Free-rider Problem<\/span><\/p>\n<p><span style=\"font-weight: 400;\">B.\u00a0 Public Goods (Nonexcludable &amp; Nonrival)<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\"> Providing Public Goods<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> How Much of a Public Good Should Be Provided?\u00a0<\/span>\u00a0 \u00a0MSC=MSB<\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">C. Common Resources (Nonexcludable &amp; Rival)<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\"> The Problem of Overuse<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> The Efficient Use and Maintenance of a Common Resource<\/span><\/li>\n<\/ol>\n<p style=\"padding-left: 30px;\">a. Tax\/Regulate<\/p>\n<p><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 \u00a0 b. Trade-able Licenses<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 \u00a0 c. Assign Property Rights<\/span><\/p>\n<p><span style=\"font-weight: 400;\">D.\u00a0 Artificially Scarce Goods (Excludable &amp; Nonrival)<\/span><\/p>\n<p><strong>IV.\u00a0 Classwork<\/strong><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">-Participation 76.1 \u00a0WS<\/span><\/li>\n<li><span style=\"font-weight: 400;\">6.1- Public Goods Practice page 2 on iLearn<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 Bellwork Page 758 FYI &#8211; Explain a solution that may assist in resolving the problem II.\u00a0 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 [&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-16752","post","type-post","status-publish","format-standard","hentry","category-ap-economics"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16752","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=16752"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16752\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=16752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=16752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=16752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}