1. Ch. 7-8 Test is Monday, October 22nd (Warm-ups due on test day)
ECONOMICS: October 15
Warm-up What are the differences between the monopoly and the monopolistic competition market structure?
Economics Learning Target #1 In order to understand market structures, I will analyze different types of market structures. I will know I have it when, given an industry, I can apply two of the four characteristics of market structures to explain the market structure in which it operates. --market structure gallery walk (HO)
Economics Learning Target #2 In order to understand market failures, I will analyze how resources may be misallocated and how the government can direct the allocation of resources. I will know I have it when I can explain how: (1) activity in the marketplace creates negative spillovers (externalities); (2) activity in the marketplace creates positive spillovers (externalities); and (3) how the government can attempt to address spillover by regulating the marketplace using zoning laws. --market structure wrap-up (HO)
Assignment
Read Ch. 8, Sect. 1
Ch. 7-8 Test is Monday, October 22nd (Warm-ups due on test day)