{"id":18215,"date":"2019-12-16T23:38:47","date_gmt":"2019-12-17T04:38:47","guid":{"rendered":"https:\/\/iblog.dearbornschools.org\/farhoud\/?p=18215"},"modified":"2019-12-16T23:47:11","modified_gmt":"2019-12-17T04:47:11","slug":"ap-economics-12-17-19","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2019\/12\/16\/ap-economics-12-17-19\/","title":{"rendered":"AP Economics &#8211; 12\/17\/19"},"content":{"rendered":"\n<p>I.&nbsp; Bellwork<\/p>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2018-06-11\/a-tight-u-s-job-market-should-deliver-bigger-raises\">Is Slow Wage Growth a Sign of Monopsony Power?<\/a><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>-Explain why some economists believe that slow wage growth indicates widespread monopsony power by employers?<\/li><li>-What other factors could be the cause of slow wage growth?<\/li><li>-If the slow wage growth is a result of monopsony power, is there a role for the government to address this?<\/li><\/ol>\n\n\n\n<p>II.&nbsp; Objectives<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Explain the labor market applications of the marginal productivity theory of income distribution<\/li><li>Identify and describe sources of wage disparities and the role of discrimination through examination of the text and completion of an outline<\/li><\/ul>\n\n\n\n<p>III.&nbsp; Discussion&nbsp; Pages 720-726<\/p>\n\n\n\n<p>A.&nbsp; The Marginal Productivity Theory of Income Distribution:&nbsp; the division of income among the economy\u2019s factors of production is determined by each factor\u2019s marginal productivity at the market equilibrium<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Marginal Productivity and <a href=\"https:\/\/www.youtube.com\/watch?v=ech8W0YhRCg\">Wage Inequality<\/a><\/li><li>Market Power<\/li><li><a href=\"https:\/\/www.youtube.com\/watch?v=fZWrvOzysuk\">Efficiency Wages<\/a><\/li><li>Discrimination<\/li><\/ol>\n\n\n\n<p>B.&nbsp; Is the Marginal Productivity Theory of Income Distribution Really True?<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Does Marginal Productivity Theory Work?<\/li><\/ol>\n\n\n\n<p>IV.&nbsp; Claswork on iLearn<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.youtube.com\/watch?v=nJrYxXTYSTc\">Worksheet 73.1: Efficiency Wages<\/a> on iLearn<\/li><li>For each number in the outline above explain the concept and provide a real life example<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I.&nbsp; 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":[95],"tags":[],"class_list":["post-18215","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\/18215","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=18215"}],"version-history":[{"count":2,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/18215\/revisions"}],"predecessor-version":[{"id":18220,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/18215\/revisions\/18220"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=18215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=18215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=18215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}