Agenda 9/25/13

1.  Bell Task:  
a.  Data Response Exercise  pg. 76  (on a separate piece of paper)

2.  Discussion 1.5:   Price Controls
3.  Student Workpoint 5.5 and 5.6
4.  HW:  Read thru  middle of pg 144 (Stop at Neg Ext. of Consumption)

Agenda 9/23/13

1.  Quiz:    Examine the effects of an indirect tax on govt. revenue.

2.  Discussion 1.5:  Indirect Taxes and Subsidies

3.  HW:   Finish thru pg. 74  Do:  Student Workpoint 5.6 (in Journal)

HL:  Student Workpoint 5.2 and 5.3 (In Journal)

Agenda 9/20/13

1.  Exam:   Sections 1.1-1.4
2.  HW:   Read Thru 69 ( Be able to draw Indirect Tax and Subsidy on Monday)

Agenda 9/18/13

1.  Bell Task:  Explain the difference between PED and XED.
2.  Discussion 1.4:  Elasticity

Student Workpoint 4.4 (PED)
Student Workpoint 4.5 (XED)
Student Workpoint 4.6 (YED)
Student Workpoint 4.7
3.  HW:   Exam Sections 1.1-1.4  on Friday

Agenda 9/17/13

1.  Bell Task:  
Explain the role of the price mechanism.   How does it result in allocative efficiency?

Explain the concept of Community Surplus.  Use a diagram.

2.  Discussion:  Supply and Demand Shifters

3.  Data Response Exercise pg. 44  (in JOURNAL)

4.  HW:   Read Thru pg. 62  Elasticities

Agenda 9/11/13

1.   Bell Task:   Quiz 1:   Supply and Demand
2.   Discussion 1.2  Supply and Demand Shifts
3.  HW:   Read Thru page 52

Agenda 9/10/13

Bell Task:    PPF Curves and Hurricanes Example

2.  Discussion: 

PPF Curves and Disasters,
Rationing Systems,
Development vs. Growth
Sustainable Development

3.  HW:  Read Thru 24

2nd Year:  HL complete student workpoint 2.2 pg. 27

Agenda 9/9/13

1.  Bell Task:    Make a list of pros and cons for both Capitalism and Communism.

2.  Discussion:  PPF Curves, Rationing Systems, Development vs. Growth

3.  HW:  Read Thru 24

2nd Year:  HL complete student workpoint 2.2 pg. 27

Agenda 9/6/13

1.   Draw a PPF curve and explain how it can be used to illustrate opportunity costs.

2.  Discussion:  Introduction pages 1-9.
3.  HW:   Finish thru page 15.

Agenda 9/4/13

1.  Bell Task:  Using the Sowell Diagram, analyze how two of the following examples can be explained.

A.   Minimum wage is raised to $15
B.   The US bombs Syria
C.    The US moves toward complete nationalized healthcare.
D.   The congress passes major tax cuts for corporations.

2.   Discussion:   The Benefits of Capitalism
Questions assigned to groups.

3.  Section 1:  Discussion thru page 9

4.   HW:  Read Thru page15 + Objectives
Join Edmodo.com
Bring a class journal everyday

Agenda 9/3/13

1.  What is Economics Diagrams
2.  Introduction to Econ book and subjects.
3.  HW:  Benefits of Capitalism Reading (on class website)
Do 1st set of questions.  Sections I-IV (Turn in on Edmodo)