HOA: Causes of the Civil War PPT

You can view a pdf version of the Causes of The Civil War slideshow by clicking here.

The Coach Who Never Punts (Econ/Math in Sports)

Every football team should be thinking about this.  The accompanying article on Grantland can be read by clicking this link.

Econ Assignments

Your Market Failure Exam is this week.  Study, do well on the exam, and then enjoy your winter break!

Periods 2 and 4
Monday: Review for Wednesday's market failure exam
Wednesday: No homework
Friday: Have a great winter break!

Period 7
Tuesday: No homework
Thursday: Have a great winter break!

HOA Assignments

Week of December 16th to December 20th

Tuesday: Read Farmer pp. 70-84 and take notes; quiz on Thursday
Thursday: No homework, enjoy the break!

IB Econ: Market Failure Questions from Socrative Quizzes

The following question were used on the two Socrative quizzes during the Market Failure unit.  Some of these questions might reappear on your exam ;)

Question: When the actions of consumers of producers gives rise to negative or positive side effects on other people who are not part of these actions, it is considered a(n)
Answer 1: externality
Answer 2: merit good
Answer 3: demerit good
Answer 4: ad valorem tax

Question: Pollution from a factory would be considered...
Answer 1: a negative production externality
Answer 2: a positive production externality
Answer 3: a positive consumption externality
Answer 4: a positive production externality

Question: Health problems from drinking sugary soft drinks would be considered...
Answer 1: a negative production externality
Answer 2: a positive production externality
Answer 3: a positive consumption externality
Answer 4: a negative consumption externality

Question: If a positive externality arises from the production of a good or service, the private sector firm will lack any incentive to raise output because
Answer 1: it does not receive any payment for the external benefit that is generated
Answer 2: there is a free-rider problem
Answer 3: producer surplus is eliminated
Answer 4: marginal private benefits of production exceed the marginal social benefits

Question: The socially optimum level of output of merit goods exists when
Answer 1: marginal social benefits exceed marginal social costs by the greatest amount
Answer 2: marginal social benefits exceed marginal private cost by the greatest amount
Answer 3: marginal social benefits equal marginal social costs
Answer 4: marginal social benefits equal zero

Question: Costs and benefits of consumption and production that are borne by third parties are known as
Answer 1: external costs and benefits
Answer 2: internal costs and benefits
Answer 3: marginal social costs and benefits
Answer 4: common access resources

IB Econ: Chapter 5 Essay Posters

To access all posters created in the Period 2 class, click here.
To access all posters created in the Period 4 class, click here.
To access all posters created in the Period 7 class, click here.

A list of essay questions (in italics) can be found by clicking here.

Public Goods and Common Access Resources

To view this week's PPT on Public Goods and Common Access Resources, click this link:

https://app.box.com/s/a1tulkuupjly35w364co

IB Econ Assignments

Two days of snow have definitely messed up our schedule.  The main priority between now and the winter break is that everyone takes the Ch. 5 (market failure) exam.  The exam will be held on Tuesday and Wednesday of next week.

Periods 2 and 4
Thursday: Review Chapter 5.  Essay review activity on Monday.

Period 7
Wednesday: Review Chapter 5.  Essay review activity on Friday.
Friday: Chapter 5 exam on Tuesday.

HOA Assignments

Week of December 9 to December 13

Monday: Read Farmer pp. 31-46 and take notes
Wednesday: Read Farmer pp. 47-57 and take notes
Friday: Read Farmer pp. 58-69 and take notes

HOA Assignments

Week of December 2 - December 6

Tuesday: Read Farmer pp. 4-14 and take notes
Thursday: Read Farmer pp. 14-30 and take notes

IB Econ Assignments

There are only 3 weeks before winter break and we have significant ground to cover before then.  The Market Failure exam will be next week.  This week we'll finish the chapter and then proceed to reviewing for the exam.

Periods 2 and 4
Monday: Read Tragakes pp. 124-129 and take notes
Wednesday: Read Tragakes pp. 129-132 and take notes
Friday: Review Market Failure material

Period 7
Tuesday: Read Tragakes pp. 119-124 and take notes
Thursday: Read Tragakes pp. 124-129 and take notes