Friday, November 30th

Agenda:

1. Stamp HW (A#30)
2. Intro to Unit 6 - Market Failures
3. Market Failure #1  - Public Goods

Homework:

1. Read/Notes Module 74 and 75 (p. 745-749) (A#31)

Unit 6 Notes

We're on to the final unit of Econ! One last short unit! Finish strong by printing out the notes and getting yourself off to a good start. 

1. Market Failure #1  - Public Goods
2. Market Failure #2 - Externalities.ppt
3. Market Failure #4 - Unfair Distribution of Wealth
4. Excise Taxes

Thursday, November 29th

Agenda:

1. Unit 5 Exam

Homework:

1. Read/Notes Module 76 (A#30)

Wednesday, November 28th

Agenda:

1. Perfectly Competitive Resource Market
2. Labor Market Practice Problems
3. Minimum Wage and practice multiple choice questions

Homework:

1. Unit 5 Exam Tomorrow
1. Check out review videos on previous post

Unit 5 Review Videos

As you are reviewing for the exam on Thursday, check out the following videos for extra help. As usual, come see me if you have any questions or to review.

1. Perfectly Competitive Labor Market and Firm
2. Resource Market, MRP and MRC
3. Minimum Wage (we will discuss this in class tomorrow)

Tuesday, November 27th

Agenda:

1. Resrouce Market Review
2. Resource Demand Curve
3. Perfectly Competitive Resource Market

Homework:

1. Unit 5 Test Thursday

Thursday, November 15th

Agenda:

1. Stamp HW (A# 29)
2. Notes - Derived Demand, MRP and MRC
3. Resource Demand Curve

Unit 5 Notes

The following are the notes for our next unit on the Resource (Factor) Market:

Derived Demand, MRP and MRC

Resource Demand Curve

Perfectly Competitive Labor Market

Wednesday, November 14th

Agenda:

1. Stamp HW (A#28)
2. Intro to Unit 5 - Resource Market
3. Notes - Derived Demand, MRP and MRC

Homework:

1. "As the Circular Flow Turns" Handout (A#29)

Tuesday, November 13th

Agenda:

1. Unit 4 Test Corrections

Homework:

1. Read/Notes Mod. 69 (A#28)

Friday, November 9th

Agenda:

1. Unit 4 Exam

Game Theory and Oligopoly Review Videos

Oligopolies and Game Theory
Dominant Strategy Practice

Thursday, November 8th

Agenda:

1. Stamp HW (A#26, 27)
2. Unit 4 FRQs Review
3. Finish Oligopolies

Homework:

1. Unit 4 Exam

Wednesday, November 7th

Agenda:

1. Stamp HW (A#26)
2. Intro to Oligopolies
3. Game Theory Matrix and Practice

Homework:

1. Read/Notes Mod. 64, 65 (A#27)
2. Unit 4 Exam Friday

Tuesday, November 6th

Agenda:

1. Unit 4 FRQs

Homework:

1. Unit 4 Exam Thursday
2. Game Theory Reading and Questions (A#26)

• The reading and the questions will be difficult but I expect you to come to class with the assignment complete and ready to discuss. You may write your own questions to ask about the reading as well.

Monday, November 5th

Agenda:

1. Election 2018
2. Finish Monopolistic Competition

Homework:

1. Unit 4 FRQs Tomorrow
2. Unit 4 Exam Friday

Monopoly and Monopolistic Competition Review Videos

Check out the following review videos (especially if you've been gone for the last few days). They will be a tremendous help for your Unit 4 FRQs and review for the upcoming test.

MONOPOLY REVIEW VIDEOS:

Monopoly D and MR
Monopoly Graph Practice
Dead Weight Loss
Elastic vs Inelastic Range of the Demand Curve
Monopoly Regulation: Socially Optimal and Fair Return Price
Price Discriminating Monopoly
More Monopoly Practice

MONOPOLISTIC COMPETITION REVIEW VIDEOS:

Monopolistic Competition in the Short-run and Long-run
Monop. Comp. in Long-run

Friday, November 2nd

Agenda:

1. Stamp HW (A#25)
2. Monopolistic Competition

Homework:

1. Unit 4 FRQs Monday

Thursday, November 1st

Agenda:

1. Stamp HW (A#24) and Discuss
2. Monopoly Graphing Practice
3. Notes - Monopolistic Competition

Homework:

1. Read/Notes - p. 577-580 and Mod 67 (A#25)
2. Unit 4 FRQs Monday