ECONOMICS
FOR THE WEEK STARTING 11/5/12
MONDAY
DAY 2
11/5
TUESDAY
DAY 1
11/6
WED.
Day 2
11/7
THURSDAY
Day 1
11/8
FRIDAY
Day 2
11/9
CLASS:
CLASS:
1. Discuss: “The
Effects of
Minimum Wage”
(Video: 30 Days:
Morgan
Spurlock)
2. “Kidney’s for
Sale” (NBC’s:
Dateline: “Wild,
Wild, West”
CLASS:
CLASS:
CLASS:
OBJECTIVES:
OBJECTIVES:
OBJECTIVES:
1.
1. Students will be
able to explain
the impact of
government
action on the
market place
2. Students will
understand the
conflict between
government
action and
market principles
1. Monopolies and Perfect
Competition
2. Simulation: “Can You Tell The
Difference?” (Taste Test
Challenge)
3. Video: The NFL and Roger
Goodell (60 Minutes)
OBJECTIVES:
1) STUDENTS WILL BE ABLE TO
IDENTIFY THE ADVANTAGES &
DISADVANTAGES OF PURE
MARKET COMPETITION.
2) STUDENTS WILL BE ABLE TO
IDENTIFY THE ADVANTAGES &
DISADVANTAGES OF
MONOPOLIES.
3) STUDENTS WILL BE ABLE
TO
DISTINGUISH BETWEEEN
NATURAL AND STRUCTURED
MONOPOLIES
OBJECTIVES:
Vocab:
Vocab:
Vocab:
Vocab:
MONOPOLY
ECONOMIES OF SCALE
PRICE DISCRIMINATION
PATENT
FRANCHISE
NATURAL MONOPOLY
PERFECT COMPETITIO
BARRIER TO ENTRY
IMPERFECT COMPETITION
START-UP COSTS
Vocab:
Practice/Homework:
Practice/Homework:
Practice/Homework:
Perfect Competition
Economies of Scale
Price Discrimination
Barriers to Entry
Start-Up Costs
Practice/Homework: Practice/Homework:
Read: Chapter 7 (Sec. 1
and 2)
(pgs. 159-173)
Read: Chapter 7 (Sec. 2 and 3)
2. Complete Parts I and
II on Market structures
WS
Complete Market Structures WS
Quiz over Market Structures
pgs. 174-184