Agenda 10/24/11

1. Bell Task: Calculate GDP from the following figures:
a. Consumer expenditure= 15B
b. Government Consumption= 8B
c. Gross domestic Investment= 6B
d. Exports= 3B
e. Imports= 4.5B
f. Capital consumption (depreciation)= 2.5B

2. Discussion 3.1: Measuring National Income
3. HW: Read through 342

Agenda 10/19/11

1. Internal Assessment Practice and Grading
2. HW: Read through 313

Agenda 10/17

1. Bell Task: Show how a subsidy can be provided to a supplier to deal with a positive externality?
2. Discussion 2.4
3. HW: Exam 2.4 Tomorrow + Objectives

Agenda 10/11/11

1. Bell Task: Discuss how govt. can intervene to correct a negative externality without the use of taxation.
2. Discussion: Market Failure
3. HW: Finish 2.4

Agenda 10/11/11

Agenda 10/10/11

1. Discussion 2.4 Externalities: Positive and Negative
2. HW: Read through 289

Agenda 10/4/11

1. Bell Task: Discuss how the income elasticity of primary goods has profound implications for LDCs and their economic growth potential.
2. Exam Review 2.1-2.2
3. Exam 2.1-2.2 Wednesday (Objectives Due)

Agenda 10/4/11

Agenda 10/3/11

1. Bell Task: Explain how a firm might use the concept of elasticity to make pricing decisions.
2. Discussion 2.2
3. HW: Quiz 2.1-2.2 Wednesday