{"id":18262,"date":"2020-01-05T21:11:10","date_gmt":"2020-01-06T02:11:10","guid":{"rendered":"https:\/\/iblog.dearbornschools.org\/farhoud\/?p=18262"},"modified":"2020-01-05T21:11:13","modified_gmt":"2020-01-06T02:11:13","slug":"ap-economics-1-06-2020","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2020\/01\/05\/ap-economics-1-06-2020\/","title":{"rendered":"AP Economics &#8211; 1\/06\/2020"},"content":{"rendered":"\n<p>I&nbsp; Bellwork<\/p>\n\n\n\n<p>Page 758 FYI \u2013 Explain a solution that may assist in resolving the problem<\/p>\n\n\n\n<p>II.&nbsp; Objectives:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Characterize public goods and explain why markets fail to supply efficient quantities of public goods<\/li><li>Define artificially scarce goods and explain why they are underconsumed<\/li><li>Describe how government intervention in the production and consumption of these types of goods can make society better off<\/li><\/ul>\n\n\n\n<p>III.&nbsp; Discussion <a href=\"https:\/\/www.youtube.com\/watch?v=mYtW1Ug7L_s\">Public Goods<\/a>&nbsp; P753-760<\/p>\n\n\n\n<p>A.&nbsp; Private Goods \u2013 And Others<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>&nbsp;Characteristics of Goods Figure 76.1<\/li><\/ol>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp; Excludable &amp; Rival in consumption<\/p>\n\n\n\n<p>2. Why Markets Can Supply Only Private Goods Efficiently<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Free-rider Problem<\/p>\n\n\n\n<p>B.&nbsp; Public Goods (Nonexcludable &amp; Nonrival)<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Providing Public Goods<\/li><li>How Much of a Public Good Should Be Provided?&nbsp; &nbsp; MSC=MSB<\/li><\/ol>\n\n\n\n<p>C. Common Resources (Nonexcludable &amp; Rival)<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>The Problem of Overuse<\/li><li>The Efficient Use and Maintenance of a Common Resource<\/li><\/ol>\n\n\n\n<p>a. Tax\/Regulate<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Trade-able Licenses<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Assign Property Rights<\/p>\n\n\n\n<p>D.&nbsp; Artificially Scarce Goods (Excludable &amp; Nonrival)<\/p>\n\n\n\n<p>IV.&nbsp; Classwork<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>76.1\u00a0 WS on iLearn<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>6.1- Public Goods Practice page 2 on iLearn<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I&nbsp; Bellwork Page 758 FYI \u2013 Explain a solution that may assist in resolving the problem II.&nbsp; 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":[95],"tags":[],"class_list":["post-18262","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\/18262","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=18262"}],"version-history":[{"count":1,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/18262\/revisions"}],"predecessor-version":[{"id":18263,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/18262\/revisions\/18263"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=18262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=18262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=18262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}