Agenda 10/30/12

1.   Bell Task:   Discuss each component of AD and what causes changes in each component.


2.   Discussion 2.14:  Aggregate Demand
Fiscal vs. Monetary Policy and AD

3.  HW:   Bring Books Wednesday
Read Thru 191 by Friday

Agenda 10/23/12

1.   Exam Section 1
2.   HW:  Read thru 174

Agenda 10/23/12

Exam Tomorrow
Sections 1.04, 1.05, 1.12

Agenda 10/22/12

1.  Bell Task:   Quiz:  Measuring National Income
2.  Discussion:  Measuring National Income
3.  HW:  Exam Wednesday

1.04 Elasticities,
1.05 Subsidies and Indirect Taxes (exclude price controls),
1.12  Market Failure

Agenda 10/19/12

1.  Bell Task:    Which is likely to be greater for the US?  GDP or GNP.   Ireland?

Have you all registered?


2.  Discussion 2.13:  National Income

HW:   Read thru 174

Agenda 10/17/12

1.   Registration
2.   Discussion 1.12:  Externality Groupwork
3.   Sustainability, Common Access Resources
4.  HW:  Read thru 165

Agenda 10/10/12

1.  Quiz:   Diagram the effects of a subsidy.

2.  Discussion:  Externalities, Subsidies, and Indirect Taxes

3.  HW:   Read 139-147:  Positive and Negative Externalities

Agenda 10/8/12

1.  Bell Task:    Comment on the range of yED values.  Give an example for each value.
a.   0.5
b.   2.0
c.  -2.5

2.  Explain how it matters where the origin of the line is when discussing PES.

3.  Student Workpoint 4.7
4.  List all the PES determinants.
5.  HW:  thru pg. 74

Agenda 10/1/12

1.  Quiz: 
Good A has a value of 0.25 PED
Good B has value of 2.0 PED.

If that is all you know about these goods, what can you say about each.
Which would be better to raise prices on?   Why?

2.  Discussion:   Price Elasticity of Demand
3.  Student Workpoint 4.4 pg. 52
4.  HW:  Read thru page 62