Unit Seven: Extending Market Boundaries
1. Discuss today's reading: imports v. exports, PPF and comparative advantage, Ricardian Model, autarky, and factor intensity. Assignments: Read pp. 414-420; Answer #1 and 3, p. 428--due Friday. [4/29]
2. Discuss today's reading: world price, exporting industries, import-competing industries, exports and imports. Assignments: Read pp. 420-423, Handouts 7-39-1 (Mystery of the Global Economy) and 7-41-1 (Why People and Nations Trade), both which are due Friday; extra credit, Answer #4, 6, and 10 on pages 428-429. [4/30]
3. Discuss today's reading: free trade, trade protection arguments, tariffs, import quotas, VERs, and the fallacies of trade restrictions. Assignments: Read pp. 423-426; Answer #11 & 12, p. 429--due Monday. [5/1]
4. Discuss today's reading: protection politics, International Monetary Fund (IMF), international trade agreements, NAFTA, WTO, World Bank. Assignments: Read pp. 431-39; Answer #13 & 14 on page 430--due Tuesday; read pp. 439-446; answer #4 & 5 on page 452--also due Tuesday. [5/2]
5. Discuss today's reading: random aversion, expected value, risk, premiums, expected utility, warranties, trading risk, capital-at-risk, insurance, efficient allocation of risk, pooling, and stocks & bonds. Assignments: Read pp. 446-50; Answer #8 & 9, p. 453, due Wed.; Read pp. 519-526; Answer #12 & 13, pp. 453-54, due Wed. [5/5]
6. Discuss today's reading: adverse selection; screening; signaling; deductibles; moral hazard; pricing problems; property rights; patents; copyrights. Assignments: Activity 57 (Economics of Information)--due Friday. [5/6]
7. Review for AP Microeconomics exam on May 15th. [5/9-12]
8. AP Microeconomics exam. Good luck! [5/13]
9. Review for Units 6 & 7 exam. [5/13 and 5/16]
10. Units 6 & 7 Exam. Late work due by 4PM tonight. [5/17]
2. Discuss today's reading: world price, exporting industries, import-competing industries, exports and imports. Assignments: Read pp. 420-423, Handouts 7-39-1 (Mystery of the Global Economy) and 7-41-1 (Why People and Nations Trade), both which are due Friday; extra credit, Answer #4, 6, and 10 on pages 428-429. [4/30]
3. Discuss today's reading: free trade, trade protection arguments, tariffs, import quotas, VERs, and the fallacies of trade restrictions. Assignments: Read pp. 423-426; Answer #11 & 12, p. 429--due Monday. [5/1]
4. Discuss today's reading: protection politics, International Monetary Fund (IMF), international trade agreements, NAFTA, WTO, World Bank. Assignments: Read pp. 431-39; Answer #13 & 14 on page 430--due Tuesday; read pp. 439-446; answer #4 & 5 on page 452--also due Tuesday. [5/2]
5. Discuss today's reading: random aversion, expected value, risk, premiums, expected utility, warranties, trading risk, capital-at-risk, insurance, efficient allocation of risk, pooling, and stocks & bonds. Assignments: Read pp. 446-50; Answer #8 & 9, p. 453, due Wed.; Read pp. 519-526; Answer #12 & 13, pp. 453-54, due Wed. [5/5]
6. Discuss today's reading: adverse selection; screening; signaling; deductibles; moral hazard; pricing problems; property rights; patents; copyrights. Assignments: Activity 57 (Economics of Information)--due Friday. [5/6]
7. Review for AP Microeconomics exam on May 15th. [5/9-12]
8. AP Microeconomics exam. Good luck! [5/13]
9. Review for Units 6 & 7 exam. [5/13 and 5/16]
10. Units 6 & 7 Exam. Late work due by 4PM tonight. [5/17]