Wed., Oct. 23-receive last supply and demand m.c.
Friday, Oct. 25-turn in last supply and demand m.c. and work on Kognity reading assignment concerning elasticity of demand.. Also begin chap 4 rdg pages 46-54 and complete wkpts 4.1-4.4. Both are due Monday.
Monday, Oct 28-more ceiling and floor practice due Tues
Tuesday, Oct. 29- go over elasticity and ceiling and floor wksheets and elasticity theory and receive TR and elasticity wksht
Thurs., Oct 31-redo max min prices wksht set thinking about ceilings and floors and effects and complete two Kognity assignments
Monday, Nov. 4- go over Elasticity workpoints ad work on Kognity assignments-ignore the reading assignment sent as you have completed it already and instead answer the PED practice questions that test for understanding.
Thursday, Nov. 7-finish Elasticity wkpts and worksheet practice, review Kognity practice and read pages 53-54 on XED and complete wkpt 4.5
Friday, Nov. 8-go over wkpt 4,5 and XED and do two Kognity assignments for Monday
Monday, Nov. 11-you will have long period study hall and I will meet you in your study hall to discuss XED and then introduce YED, finish Kognity XED, read 55-56 in text on YED and complete wkpt 4.6 and complete wksht set on XED and YED
Wed., Nov. 13-go over wkpt 4.6 and begin to go over wksht and finish Kognity
Thurs., Nov. 14-finish going over XED and YED and read about PES-finish reading chapter pages 56-60 and complete wkpt 4.7 on PES
Friday, Nov. 15- go over PES wkpt and complete PES Kognity assignment both reading and questions for Tuesday if not completed by end of class
Tues., Nov. 18-go over Total Revenue Test and finish PES-receive Elasticity test review due in parts Wed., Thurs of this week-PED ex 18 and 19 due Wed.
Wed., Nov. 19-ex 18 and 19 on PED due work on Ex 20 XED and YED for Thursday
Thurs., Nov. 20-XED and YED due and work on PES for Monday
Monday, Nov. 24-PES due and review for test
Tuesday, Nov. 25-Elasticity test-no homework over Thanksgiving
Monday, Dec. 2-read first part of chap 5 and complete wkpts 5.1 and 5.2 on taxes
Wed./Thurs-finish chap 5 rdging on subsidies
Friday, Dec. 6-work on 5.4,5.5,5.6 wkpts in class and excise tax wksht series for hmwk,
Tuesday, Dec. 10-excise tax wkshts continued-Kognity material on Taxes assigned
Wed./Thurs, Dec. 10- more taxes and Kognity-both due Monday, elasticity test corrections due Monday
Thurs, Dec. 11/12-receive review packet
Monday, Dec. 16-go over first part of review packet-Supply and Demand and answer ?s
Tuesday, Dec. 17-go over second part of packet on elasticity
Wed., Dec. 18-go over taxes and subsidies ?s and practice graphing and explanations
Friday, Dec. 20-exam
Monday, Jan. 6-start market failure chap 12 text rdg and Kognity reading due second class back
Tuesday, Jan. 7-market failure and receive first set of questions
Wed., Jan. 8-go over questions and receive second set on Mkt Failure-discuss graphing
Thurs. Jan. 9-series of wkshts practicing graphing market failure pos. and neg externalities-due Monday
Friday, Oct. 26-paper 1 part A elasticity question due, receive elasticity (all types) application questions for practice due Monday, Oct. 29
Monday, Oct. 29-elasticity application ?s due, go over and assign cross and income elasticity application ?s due Tuesday.
Tues., Oct. 30-went over X and YED application ?s and time and PES ?s, and paper 1 A examples 1-4 in chap 4, complete paper 1A option 5 for homework-Jillian do another that you have not done from Chap 4 options.
Thursday, Nov.1-go over Paper I A option and discuss how to answer Paper 1 part B effectively and practice
Friday, Nov. 2-M.C. Test Elasticity received as take home, complete M.C. and short answer to turn in Monday
Monday, Nov. 5-Paper 1 Elasticity taken in class both Part A and Part B
Wed., Nov. 7 start chap 5 on taxes and subsidies
Friday, Nov. 9-finish chap 5 rdg, look at power point on web page if absent and complete wkpts 5.2 and 5.3
Monday, Nov. 11-went over subsidies, received excise tax wksht and wkpt 5.4 assigned
Wed., Nov. 13-go over wksht and 5.4 and receive Ceilings and Floors wksht set
Thurs., Nov. 14- go over quantitative analysis taxes,
Friday, Nov. 15-go over subsidies-quantitative analysis, wkpt 5.4 and introduce how to answer a four part Paper 2 question, wkpt 5.5 for homework due Tuesday
Tuesday, Nov. 20-go over 5.5 wkpt, work on wkpt 5.6 in class, over Thanksgiving break-complete wkpt 5.7 and the Data Response Ex.-essentially a Paper 2 at the end of the chapter on page 76-this Data Response will be collected for a grade to see where you are on understanding both taxes and how to do a paper 2, the wkpt will be gone over in class in preparation for introduction to how to do a Paper 3,
Monday, Nov. 26-go over 5.7 wkpt and go over highlights of data assessment-make corrections for homework
Tuesday, Nov. 27-turn in data assessment, how to do a paper 3, receive ex 1-4 to do for homework-due Thursday-THIS IS A CHANGE-I DROPPED THE LAST TWO EXS as the work was too much
Thursday, Nov. 29-exs 1-4 due
Friday, Nov. 30-corrections for 2-4 due, go over, assign ex 9 and 10 on ceilings and floors due Monday
Monday, Dec. 3-ex 9 and 10 due, complete two additional exercises on the board for homework along with reading first half of chap 12 on market failure and looking over returned Elasticity test for any questions
Wed., Dec. 5-answer questions to Elasticity test, finish Paper 3 ceilings, floors, taxes, subsidies, TR, TE, consumer and producer surplus and go over exercises and start market failure-read chapter 12
Thurs., Dec. 6 -market failure continued-for homework draw all four externality graphs and use a different example for each in your title and find one article that demonstrates one of the graphs
Friday, Dec. 7-receive review packets for exams, go over mkt failure hmwk and practice more graphing and govt intervention strategies, receive snow packet material
Tuesday, Dec. 11-exercises 26,27 due on Market Failure
Wed., Dec. 12-ex. 28 due on market failure material
Thursday, Dec. 13--Paper 3 additional exercises practice due-collected and gone over for grade-do on your own, exam review-answers to this have been posted under EXAM REVIEW.
WINTER BREAK ASSIGNMENT: Wrap up our look at market failure by answering the following questions for the SECOND class back from break.
1.) Using a diagram, explain why the provision of health care in an economy is likely to require government intervention.
2.) Using diagrams explain how airplane flights may create either a negative externality of consumption or a negative externality of production.
3.) Evaluate two government policies that may be used to reduce external costs of production and/or consumption.
4.) Recently Dominion Energy has asked the Virginia Regulatory Commission for permission to raise utility rates to raise an additional 300 million to upgrade coal burning power plants, including the one in Chesterfield County, in order to comply with stricter EPA guidelines and regulations. Using your economic knowledge and graphing ability, please explain what is going on and provide an evaluative opinion regarding whether or not this should be allowed to take place.
Wed., Jan. 2-exam review
Thurs., Jan. 3- go over first three questions from winter break packet
Friday, Jan. 4-go over question four and segue to How to Write an Econ IA-read handouts provided
Tuesday, Jan 8-continue How to Write an Econ IA with examples and discuss how to draw diagrams on computer, start looking for IA article
Wed., Jan. 9-continue research on IA article to write IA and get article approval, start writing IA
Thurs, Jan. 10-receive initial IA draft feedback on first few hundred words, continue to work on IA
Monday, Jan. 14-First Draft IA Micro Draft due, SNOW DAY so...
Tuesday, Jan. 15-Ditto from above, make decision on where to go next in syllabus