{"id":17626,"date":"2019-09-27T01:04:19","date_gmt":"2019-09-27T05:04:19","guid":{"rendered":"https:\/\/iblog.dearbornschools.org\/farhoud\/?p=17626"},"modified":"2019-09-27T08:35:56","modified_gmt":"2019-09-27T12:35:56","slug":"ap-economics-9-28-19","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2019\/09\/27\/ap-economics-9-28-19\/","title":{"rendered":"AP Economics &#8211; 9\/27\/19"},"content":{"rendered":"\n<p><strong>I.&nbsp; Bellwork<\/strong><\/p>\n\n\n\n<p>A.&nbsp; Summarize the article below<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"http:\/\/www.oneworldmedia.us\/news\/diabetes-patients-at-risk-from-rising-insulin-prices\/\">https:\/\/www.nytimes.com\/2018\/06\/22\/well\/diabetes-patients-at-risk-from-rising-insulin-prices.html<\/a><\/li><\/ul>\n\n\n\n<p>B.\u00a0 \u00a0Explain why is this happening, what are the options for the consumers and how they are impacted .  How does this relate to elasticity\/inelasticity.? <\/p>\n\n\n\n<p><strong>II.&nbsp; Objectives:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li> Determine the central ideas and summarize concepts by paraphrasing them in relation to elasticity <\/li><li>Analyze, interpret and construct economic models to determine demand elasticity<\/li><li>Integrate and evaluate &nbsp;information presented in order to determine demand elasticity from utilization of demand elasticity tests.<\/li><\/ul>\n\n\n\n<p><strong>III. &nbsp;&nbsp;Discussion &nbsp;Pages 458-464<\/strong><\/p>\n\n\n\n<p><strong>A&nbsp; Demand Elasticity &amp; Inelasticity \u2013&nbsp;<\/strong><a href=\"https:\/\/www.youtube.com\/watch?v=4oj_lnj6pXA&amp;list=PL336C870BEAD3B58B&amp;index=17\"><strong>Elasticity of Demand<\/strong><\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.mackinac.org\/article.aspx?ID=1247\"><strong>Elasticity Examples<\/strong><\/a>&nbsp;&amp;&nbsp;<a href=\"https:\/\/www.economicshelp.org\/blog\/7019\/economics\/examples-of-elasticity\/\"><strong>Another list<\/strong><\/a><\/li><\/ul>\n\n\n\n<p>B<strong>.&nbsp; Calculating Price Elasticity of Demand<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>%Change in Qd \/ %Change in P<\/li><li>Midpoint Method:<\/li><\/ul>\n\n\n\n<p> Worksheet 46.4: Elasticity of Demand Calculation <\/p>\n\n\n\n<p>Practice:  The price of college tuition increased from $20,000 to $22,000 per year. Enrollment by first year students declined  from 500 to 400.<\/p>\n\n\n\n<p>C.  <a href=\"https:\/\/youtu.be\/cdaptiQ8au4?t=690\">Total Revenue Method<\/a><\/p>\n\n\n\n<p>D.  Determinants<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Substitutes<\/li><li>Proportion of Income<\/li><li>Luxury or necessity<\/li><li>Addictive<\/li><li>Time<\/li><\/ul>\n\n\n\n<p><strong>IV.&nbsp; &nbsp;Classwork<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>P465 Check Your Understanding #2<\/li><li>P465 1-5 Letter and Answer<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I.&nbsp; Bellwork A.&nbsp; Summarize the article below https:\/\/www.nytimes.com\/2018\/06\/22\/well\/diabetes-patients-at-risk-from-rising-insulin-prices.html B.\u00a0 \u00a0Explain why is this happening, what are the options for the consumers and how they are impacted . How does this relate to elasticity\/inelasticity.? II.&nbsp; Objectives: Determine the central ideas and summarize concepts by paraphrasing them in relation to elasticity Analyze, interpret and construct economic models [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95],"tags":[],"class_list":["post-17626","post","type-post","status-publish","format-standard","hentry","category-ap-micro-economics-f2019"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17626","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=17626"}],"version-history":[{"count":2,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17626\/revisions"}],"predecessor-version":[{"id":17640,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17626\/revisions\/17640"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=17626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=17626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=17626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}