economics bell ringer wednesday, november 14, 2012 use last week’s bell ringer sheet what is...
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Economics Bell RingerWednesday, November 14, 2012
USE LAST WEEK’S BELL RINGER SHEET
•What is specialization?•Why is specialization a benefit to market systems? •Why do we need markets if we specialize?
Economics ClassworkWednesday, November 14, 2012
• #36: Cost of Voting: MEL-Con Paragraph• Pick one of the statements. Argue one side or the other.• Cite each specific piece of evidence
• For example: 14% of 18-24 year olds stated one of the top reasons they didn’t vote was because they were out of town during the 2008 Presidential Election (US Census Bureau).
• DEADLINES• Thursday (11/15): Revised Rough Draft• Friday (11/16) by 11:59PM: Typed Final Draft
• Send by Email to: [email protected]• No late assignments accepted (unless you make
arrangements ahead of time)• Monday (11/19): Signed and Revised Rough Draft
and Packet
Economics Bell RingerThursday, November 15, 2012
• Pick an economic system and explain how it considers each of the 5 goals and answers the 3 economic questions
Today’s Handouts:#37 – 11/15 – Ch 3.3 Book Work
Economics Bell RingerFriday, November 16, 2012
DO TODAY’s BELL RINGER ON SCRATCH PAPER AND STAPLE TO BELL RINGER SHEET AND TURN IN
•Pick one of the agents in the circular flow of income and output: households or firms. Explain how this agent participates in the factor and product markets
Economics ClassworkThursday, November 15, 2012
• #37: Ch 3.3 Book Work (due Wednesday 11/21)• Notes, Key Terms, Checkpoint Questions: p. 62-67• P.67 2, 6-9
• DEADLINES• Thursday (11/15) in Class: Revision Form and
Rough Drafts• Friday (11/16) by 11:59PM: Typed Final Draft
• Send by Email to: [email protected]• No late assignments accepted (unless you make
arrangements ahead of time)• Monday (11/19): Revision Form, Rough Draft and
Packet• Wednesday (11/21): Ch 3.3 Book Work
Economics Bell RingerMonday, November 19, 2012
• What role does the government play in a mixed economy?
• What do we need government for?
Today’s Handouts:#38 – 11/19 – Bell Ringer (11/19-11/21)
#39 – 11/19 – PPT Notes Ch 3.3
Economics Bell RingerTuesday, November 20, 2012
• Explain what is market failure?
• What are two characteristics of public goods?
HAPPY THANKSGIVING!
Government Cost/Benefit Analysis
• Proposal: There is an overcrowded high school with 5,000 students. Proposal to build a new high school in the neighborhood for half the students to reduce class size and provide more opportunities for students
• Funding: A federal government loan, paid back by increasing local property taxes 10 percent annually for 12 years
• Is school a public good? Why/why not?
• Are there any positive externalities?
• What are the benefits to the community?
• What are the costs to the community?
Economics Bell RingerWednesday, November 21, 2012
1. What am I? (Identify the key term; try not to use notes)
a) a situation in which the free market, operating on its own, does not distribute resources efficiently
b) a shared good or service for which it would be inefficient or impractical to make consumers pay individually and to exclude those who did not pay
c) someone who would not be willing to pay for a certain good or service but who would get the benefits of it anyway if it were provided as a public good
d) an economic side effect of a good or service that generates benefits or costs to someone other than the person deciding how much to produce or consume
e) a good or service that can be used by any number of consumers without reducing the benefits to any single consumer
Market failure
Public good
Free Rider
Externality (Positive/Negative) – from public and private goods
Non-Rival Good
Economics ClassworkWednesday, November 21, 2012
Complete Self-Reflection and Turn-in Bell Ringer
• Pick 1 of these infrastructure projects:• More train service is needed on the south side as
the CTA Red Line ends at 95th street• Uplift needs a better field in the back with a real
track• Chicago has way too many potholes and they need
to be fixed!
• Answer one of these questions to prove the good/service is a market failure: the market wouldn’t provide it• are they public goods/services? Why?• do they suffer from the free-rider problem? • are there any positive/negative externalities? • who’s going to pay for/build it if the
government doesn’t?
Economics Bell RingerMonday, November 26, 2012
Today’s Handouts:#41 – 11/26 – Bell Ringer (11/26-11/30)
#42 – 11/26 – Ch 3.4 Notes and Book Work
• What is the difference between public goods, the free-rider problem and non-rival goods?
• What are these examples of?
Economics Bell RingerTuesday, November 27, 2012
Today’s Handouts:#43 – 11/27 – Ch3.4 Poverty Threshold Packet
Sources: U.S. Census Bureau, American Community Survey, 2009, Puerto Rico Community Survey, 2009.
United States: 14.3%
• Define the poverty threshold. Is it the same for everyone?
• How does the Federal Government define someone living in poverty? Is this level too high or too low? Explain your reasoning.
Economics Bell RingerWednesday, November 28, 2012
• P.64 Checkpoint: What two criteria must be present for a public good?
• P. 67 Checkpoint: What does government do in response to negative exernalities?
• P.67 #4: What is an example of an action taken by the public sector? Private sector?
• P.67 #7: Why is national defense an example of the free-rider problem?
• P.67 #8: How do the concepts of limited resources and scarcity explain why the government does not try to meet all demands for providing public goods?
Economics DiscussionWednesday, November 28, 2012
• What is the definition of the working poor? Why is it important that our government is concerned for these people?
Economics Bell RingerTuesday, November 27, 2012
Today’s Handouts:#44 – 11/29 – PPT Notes Ch 3.4
• What are two primary roles of government?
• What is the goal of government welfare programs?
• What are four ways the government redistributes wealth?
• What is the government’s primary scarce resource? (How will government pay for its benefits programs?)
GET OUT A SEPARATE SHEET OF PAPER FOR THE QUIZ REVIEW. STAPLE THIS TO YOUR BELL RINGER AND TURN IN AT THE END OF CLASS.
Economics Bell RingerFriday, November 30, 2012
Economics Classwork: Quiz ReviewFriday, November 30, 2012
1. What am I? (Identify the key term; try not to use notes)a) an income level below that which is needed to support
families and householdsb) direct payment of money by the government to the
poor, disabled, or retired people (Social Security, Unemployment Insurance)
c) a situation in which the free market, operating on its own, does not distribute resources efficiently
d) an economic side effect of a good or service that generates benefits or costs to someone other than the person deciding how much to produce or consume
e) government aid to the poor f) goods and services provided for free or greatly reduced
prices (Food Stamps, Section 8, Medicare/Medicaid)
Poverty Threshold
Cash Transfer (Conditional)
Market Failure
Externality (Positive/Negative)
Welfare
In-Kind Benefits
1. We need more parks in south and west side neighborhoods. Explain three reasons why the market will fail to provide these goods/services?
2. The government has a choice between conditional cash transfer, regular cash transfer or an in-kind benefit program. Why are conditional cash transfer programs preferable? Explain the difference between the three program choices.
Economics Quiz ReviewFriday, November 30, 2012
1. P. 72 #4 What are three examples of cash transfers? Three examples of in-kind benefits?
2. P. 72 #5 How are unemployment benefits and worker’s compensation alike?
3. P.72 #7 How does the TANF program seek to answer one of the common objections to the older welfare system?
4. P. 72 #8 Would it make sense for the government to spend money giving job training to people who receive TANF payments? Why or why not?
5. What is the difference between Medicare and Medicaid?
Economics Quiz ReviewFriday, November 30, 2012
• What is the difference between cash transfers and in-kind benefits?
• Why are conditional cash transfers preferred over regular cash transfers?
Economics Bell RingerTuesday, December 4, 2012
Today’s Handouts:#47 – 12/04 – Bell Ringer (12/4-12/7)
#48 – 12/04 – Ch 3.2 Book Work and Notes
#48: Ch 3.2 Notes: Tracking Data & Promoting Economic Strength
• 3 Primary Roles of Government
• Manage market failure and externalities (3.3)
• Redistribute wealth to provide safety nets (3.4)
• Promotes growth and stability (3.2)
Economics ClassworkTuesday, December 4, 2012
#48: Ch 3.2 Notes: Tracking Data & Promoting Economic Strength
Manage market failure and externalities
• Provide public and non-rival goods
• Free-rider problem, can’t exclude others, inefficient to pay individually, everyone benefits without reducing benefits to anyone
• Redistribute Wealth
• Cash transfers, in-kind, medical, education benefits
• To help old, young, disabled, low-income
• Promote Growth and Stability
• 5 Goals: especially Growth, Efficiency, Security, Equity
• Freedom already provided in mixed economy
Economics ClassworkTuesday, December 4, 2012
##48: Ch 3.2 Notes: Tracking Data & Promoting Economic Strength
• Government Promotes Growth and Stability
• US Government tracks lots of data to monitor the US economy
• Promote Employment (Goal: Equity, Security)
• Promote Growth (Goal: Growth, Efficiency)
• Promote Stability (Goal: Security, Efficiency)
Economics ClassworkTuesday, December 4, 2012
#48: Ch 3.2 Notes: Tracking Data & Promoting Economic Strength
• Gross Domestic Product (GDP) is the total value of goods/services produced in a country in one year
• Expansion: periods where GDP is increasing/rising
• Contraction: periods where GDP is decreasing/falling
• Recession: 2 or more straight quarters of GDP falling
• Business Cycle: a period of boom (expansion) and bust (contraction). A full cycle
Economics ClassworkTuesday, December 4, 2012
Source: Bureau of Economic Analysis
2003-2008Expansion =
Economic Growth
Jun08-Mar09Severe Contraction =
Recession
• #48: Ch 3.2 Notes: Tracking Data & Promoting Economic Strength
• Weak Economy
• Strong Economy
Economics ClassworkTuesday, December 4, 2012
• Fill in the table:
Economics Bell RingerWednesday, December 5, 2012
Public Sector Private Sector
Who provides goods/services in this part of the economy
Examples of goods/services in this part of economy
• According to economists, what are the three major roles of government in a mixed economy?
Economics Bell RingerThursday, December 6, 2012
Today’s Handouts:#48a – 12/06 – Classwork Ch 3 Review
1. Compare and contrast regular cash transfers and in-kind benefits. Why are conditional cash transfers preferred to both of the above?
2. Who are the working poor? Do they qualify for below-poverty threshold benefits?
3. According to economists, what are three major roles of government?• What are 4 types of market failure?• What are 4 types of wealth redistribution
programs?• To grow the economy, what 3 areas does
government try to promote?
Economics ClassworkWednesday, December 5, 2012
Safety Nets Survey Discussion (DUE TODAY)
• Did most of the people you interviewed support public funding of the safety net? • Which programs did they particularly support? Not support?
• What groups of people did they particularly support? Not support?
• Do you think they understood the economic issues involved with government funding for these programs?
• Is it important to get the public to understand the economic issues? • Would they care if these programs are sustainable?• What strategies/ideas can we come up with to inform people
in our community?• We will learn more about the economic issues in the coming
weeks.
Economics ClassworkWednesday, December 5, 2012
#48: Ch 3.2 Notes: Tracking Data & Promoting Growth• GDP/capita is the total GDP divided by the number of
people in the country. This is the common world-wide measure of standard of living.
Economics ClassworkTuesday, December 4, 2012
Source: http://www.acus.org/new_atlanticist/americas-coming-decline
What was the severe contraction/recession during the 1930s?
• GDP and GDP/capita move in the same direction
• Economic data tells a graphical story of major events
What was the massive expansion that occurred during the late 1930s-1940s?
Economics Bell RingerFriday, December 7, 2012
1. What am I? (Identify the key term; try not to use notes)a) an income level below that which is needed to support
families and householdsb) direct payment of money by the government to those in
need. Individuals must satisfy certain criteria/conditions to receive money.
c) a situation in which the free market, operating on its own, does not distribute resources efficiently
d) an economic side effect of a good or service that generates benefits or costs to someone other than the person deciding how much to produce or consume
e) government aid to the poor f) goods and services provided for free or greatly reduced
prices (Food Stamps, Section 8, Medicare/Medicaid)
Poverty Threshold
Conditional Cash Transfer
Market Failure
Externality (Positive/Negative)
Welfare
In-Kind Benefits
• You have been reading the news and came across this headline: “1Q13 GDP Expected to Contract: Congress Driving Business Cycle Lower”• Is now a good time to quit your job and
look for a new one? Why/why not?
• If you are unhappy with your job, what would be a strategy you could take?
Economics Bell RingerMonday, December 10, 2012
Today’s Handouts:#49 – 12/10 – Bell Ringer (12/10-12/14)
#50 – 12/10 – GDP Tracking and Role of Govt
• Which goal of government action would the following government funding be trying to meet? How would it do so?• Congress decides to increase National
Institute of Health (NIH) funding for medical research.
• The President creates a re-adjustment program to help veterans get the skills they need to get a job when they return from fighting overseas.
Economics Bell RingerTuesday, December 11, 2012
Today’s Handouts:#51 – 12/11 – Fairness in Taxes Notes
#52 – 12/11 – Fairness in Taxes Packets
• Mayor Emanuel has decided to build a bunch of dog parks in Chicago. He is deciding how he should pay for the new dog parks.• Is it easy to figure out who is using a dog park?
• Who should pay the taxes: dog-owners? Everyone?
• The City decides to charge an entrance fee to enter the dog parks. Is this entrance fee fair under benefits-received or ability-to-pay? Explain your reasoning.
Economics Bell RingerWednesday, December 12, 2012
• What is the difference between cash transfers and in-kind benefits?
• Why are conditional cash transfers preferred over regular cash transfers?
Economics Bell RingerMonday, January 7, 2013
Today’s Handouts:#51 – 01/07 – Bell Ringer (1/7-1/11)
#52 – 01/07 – Ch 3 Review: Gallery Walk
#52 – 01/07 – Ch 3 Review: Gallery Walk
• Write a full heading and title on a sheet of looseleaf (you may need more than one)
• Find a partner. Each set of partners needs at least one book
• Start the Gallery Walk. YOU MUST PHYSICALLY MOVE! • (no more than four per station)
• Complete 5 out of 6 stations by the end of class for full credit• 6/6 Extra Credit; 4/6 = 70%; 3/6 = 50%
• 2 or less = 0%
• Work with your partner. Use your resources. Find the answers.
Economics ClassworkMonday, January 7, 2013
• According to economists, what are the major roles of government in a mixed economy?(There are three major roles)
Economics Bell RingerTuesday, January 8, 2013
Today’s Handouts:#53 – 01/08 – Fairness in Taxes Notes
#54 – 01/08 – Fairness in Taxes Packets
Economics Bell RingerWednesday, January 9, 2013
1. What am I? (Identify the key term; try not to use notes)a) an income level below that which is needed to support
families and householdsb) direct payment of money by the government to those in
need. Individuals must satisfy certain criteria/conditions to receive money.
c) a situation in which the free market, operating on its own, does not distribute resources efficiently
d) an economic side effect of a good or service that generates benefits or costs to someone other than the person deciding how much to produce or consume
e) government aid to the poor f) goods and services provided for free or greatly reduced
prices
Poverty Threshold
Conditional Cash Transfer
Market Failure
Externality (Positive/Negative)
Welfare
In-Kind Benefits
• Quickwrite (in Friday’s Bell Ringer Box or on a sheet of paper.):
What are the two viewpoints on how a tax can be fair? Explain how they are different. Provide examples of each.
Economics ClassworkWednesday, January 9, 2013
1. What am I? (Identify the key term; try not to use notes)
a) the total value of goods/services produced in a country in one year
b) a shared good or service for which it would be inefficient or impractical to make consumers pay individually and to exclude those who did not pay
c) someone who would not be willing to pay for a certain good or service but who would get the benefits of it anyway if it were provided as a public good
d) A period of macroeconomic expansion, or growth, followed by one of contraction, or decline.
e) a good or service that can be used by any number of consumers without reducing the benefits to any single consumer
Gross Domestic Product (GDP)
Public good
Free Rider Problem
Business Cycle
Non-Rival Good
Economics Bell RingerThursday, January 10, 2012
• CTA raised their fares on daily, weekly, and monthly passes this morning. This is like a tax. Explain the reasoning behind your answers. • Under which method of fairness is this tax
justified?
• Is the tax progressive, regressive or proportional in tax rate?
• If you missed the test Friday, you are making it up this morning. Take this time to review your notes. Turn in Tax Packets and last week’s Bell Ringer.
Economics Bell RingerMonday, January 14, 2013
Today’s Handouts:#56 – 01/14 – Bell Ringer (1/14-1/18)#57 – 01/14 –Taxes Classwork Review
1. Complete the table based on you learned last week. With with a partner. Use your resources.
Tax Structures(Provide a Definition of Each)
Which method
of Fairness
?
Benefits(Who is Positivel
y Affected
)
Costs(Who is Negativ
ely Affected
)
Describe an
Example (Detail)
Progressive(Definition here)
Regressive(Definition here)
Proportional(Definition here)
Both
#57 - Economics Classwork: Fairness in Taxes Review
Monday, January 14, 2013
• Write in complete sentences. What is the difference between:• Tax structures vs. tax bases (Give
examples)
• Tax rate versus tax amount (How is each measured?)
Economics Bell RingerTuesday, January 15, 2013
Type of Tax Tax Base?
Tax Structur
e?
Type of Fairness
?
Example Explains
Tax Structure
Federal Income Tax
Sales Tax
Excise Tax (Gas, Alcohol, Tobacco)
FICA Tax
#57 - Economics Classwork: Fairness in Taxes Review
Tuesday, January 15, 2013
• As part of the bill that prevented the fiscal cliff on Jan 1, 2013, Congress ended the payroll tax "holiday". This meant that payroll taxes (FICA tax) went up by 2% for all people earning wages. Remember, payroll taxes are only taxed on the first $110,000 of a person's income.
• a) Is the tax progressive, regressive, or proportional? Justify your answer by explaining your reasoning.
• b) Who is most impacted by the tax increase: high, middle or low income (you may select more than one)
• c) Analyze the tax impact on someone who makes $50,000 per year. Their payroll tax went up 2%. How much more are they paying in taxes every paycheck if there are 26 paychecks per year?
Economics Bell RingerWednesday, January 16, 2013
Today’s Handouts:#58 – 01/16 – Taxes Part 2: Notes
#59 – 01/16 –Taxes Part 2: Packet
Economics Bell RingerThursday, January 17, 2013
a) In the United States, a mixture of regressive and ______________ taxes makes our overall tax system roughly proportional.
b) Unequals should be taxed (Equally or Unequally?) ______________.
c) (True of False): Most excise taxes and user fees are somewhat regressive. __________
d) ____________: One criteria of tax fairness is based on the assumption that people should pay taxes in rough proportion to what they receive from government goods and services.
e) It is fair if people’s taxes should be in proportion to their wealth and income (Which method of fairness).
f) This tax base may come from wages, rents, interest, profits, or other payments.
Progressive
Unequally
TrueBenefits Received
Ability-to-Pay
Income
• Taxes Test Today! No Bell Ringer• Quietly review your Notes (#53 and 58)
and Review Classwork (#57)• Turn in your Bell Ringer
• After the Test• Organize your binder/update table of
contents (Binder Check Next Week)• Complete Tax Packet 2 (#59) – Pages 1-4
EconomicsFriday, January 18, 2013
After the TestOrganize your binder/update table of contents
(Binder Check Next Week)Complete Tax Packet 2 (#59) – Pages 1-4
Marginal Tax Rate (Progressive)
Single Filing Status: Tax Base: Annual Income
Single Filing Status: Marginal Tax Rate Calculation
35% Over $388,350
$112,683.50 plus 35% of the excess over $388,350
33% Over $178,650 but not over $388,350
$43,482.50 plus 33% of the excess over $178,650
28% Over $85,650 but not over $178,650
$17,442.50 plus 28% of the excess over $85,650
25% Over $35,350 but not over $85,650
$4,867.50 plus 25% of the excess over $35,350
15% Over $8,700 but not over $35,350 $870 plus 15% of the excess over $8,700 10% Not over $8,700 10% of the taxable income
Identify the Key Term (From Ch 1):1. The principle that limited amounts of goods and
services are available to meet unlimited needs and wants
2. The resources that are used to make goods and services (and what are the different types?)
3. The use of resources in such a way as to maximize the output of goods and services
4. The process of deciding how much more or less to do for the extra/next unit of production
5. The most desirable alternative given up as a result of a decision
6. A graph that shows alternative (two) ways to use an economy’s productive resources
Scarcity
Factors of production: Land, Labor, Physical Capital, Human Capital
Efficiency
Thinking at the margin
Opportunity Cost
Production Possibilities Curve
Economics Bell Ringer: Tuesday, January 22, 2013
Today’s Handouts:#60 – 01/18 – Taxes Test
#61 – 01/22 –Bell Ringer (1/22-1/25)#62 – Final Review Classwork
• If You Were Not Here Friday:• You will makeup the Taxes Test today!• Quietly review your Notes (#53 and 58)
and Review Classwork (#57)• Turn in your Bell Ringer from last week
• If You Took the Test on Friday:• Complete Final Review Classwork (#62)
posted around the room• Organize your Binder (Binder Check this
week)
Economics Classwork: Tuesday, January 22, 2013
If You Have Completed the Test:Complete Final Review Classwork (#62)
posted around the roomOrganize your Binder (Binder Check this
week)
Marginal Tax Rate (Progressive)
Single Filing Status: Tax Base: Annual Income
Single Filing Status: Marginal Tax Rate Calculation
35% Over $388,350
$112,683.50 plus 35% of the excess over $388,350
33% Over $178,650 but not over $388,350
$43,482.50 plus 33% of the excess over $178,650
28% Over $85,650 but not over $178,650
$17,442.50 plus 28% of the excess over $85,650
25% Over $35,350 but not over $85,650
$4,867.50 plus 25% of the excess over $35,350
15% Over $8,700 but not over $35,350 $870 plus 15% of the excess over $8,700 10% Not over $8,700 10% of the taxable income
1. What am I? (Identify the key term; try not to use notes)
a) a situation in which the free market, operating on its own, does not distribute resources efficiently
b) a shared good or service for which it would be inefficient or impractical to make consumers pay individually and to exclude those who did not pay
c) someone who would not be willing to pay for a certain good or service but who would get the benefits of it anyway if it were provided as a public good
d) an economic side effect of a good or service that generates benefits or costs to someone other than the person deciding how much to produce or consume
e) a good or service that can be used by any number of consumers without reducing the benefits to any single consumer
Market failure
Public good
Free Rider
Externality (Positive/Negative) – from public and private goods
Non-Rival Good
Economics Bell Ringer: Wednesday, January 23, 2013
On a scratch sheet of paper: Calculate overall tax rate and tax amount for a single filer who makes $75,000 in annual income.
Marginal Tax Rate (Progressive)
Single Filing Status: Tax Base: Annual Income
Single Filing Status: Marginal Tax Rate Calculation
35% Over $388,350
$112,683.50 plus 35% of the excess over $388,350
33% Over $178,650 but not over $388,350
$43,482.50 plus 33% of the excess over $178,650
28% Over $85,650 but not over $178,650
$17,442.50 plus 28% of the excess over $85,650
25% Over $35,350 but not over $85,650
$4,867.50 plus 25% of the excess over $35,350
15% Over $8,700 but not over $35,350 $870 plus 15% of the excess over $8,700 10% Not over $8,700 10% of the taxable income
Economics Classwork: Wednesday, January 23, 2013
• What are the five economic goals of a society?
• What is the difference between a free market and a centrally planned economic system?
Economics Bell Ringer: Thursday, January 24, 2013
Today’s Handouts:#63 – 01/23 – Review Packet
Today’s Classwork: Review for Finals with Peers
• Form a group of 2-3 people
• Look at your Review Packet p. 5 (last one) and pick two chapters/topics that your group would like to review and present to the class on Monday
• After you have signed up for a topic, work on two things:• Review your chapter/topic to prepare for the
presentation
• Work on the review packet
• Exit Ticket: Page 1-3 and Key Terms List for your presentation
Economics Classwork: Thursday, January 24, 2013
Today’s Handouts:#63 – 01/23 – Review Packet
Economics Bell RingerFriday, January 25, 2013
1. Identify the Key Term
a) the use of resources in such a way as to maximize the output of goods and services
b) a line on a production possibilities curve that shows the maximum possible output an economy can produce
c) the extra cost of adding a unit
d) The most desirable alternative given up as a result of a decision
e) the use of fewer resources than an economy is capable of using
f) The process of deciding how much more or less to do for the extra/next unit of production
Efficiency (on PPF)
Production Possibilities Frontier
Opportunity Cost
Underutilization (inside/under PPF)
Thinking on the Margin
1. Prod. Possibilities Curve2. Prod. Possibilities Frontier
3. Opportunity Cost4. Marginal Benefit
5. Efficiency6. Marginal Cost
7. Underutilization8. Needs/Wants
9. Thinking on the Margin
Marginal Cost
Today’s Classwork: Review for Finals with Peers
• Finish the Review Packet with your Group
• Work on and (hopefully) finish your review presentation for Monday• I have laptops that can be borrowed for the
period
• You may use any of the computers in the room
• You may write it on easel paper (Powerpoint preferred)
• Exit Ticket: • Review Packet Complete
• Presentation Done (at least mostly complete)
Economics Classwork: Friday, January 25, 2013
Today’s Handouts:#63 – 01/23 – Review Packet