AIS Market Failure Lesson #2

AIS Market Failure Lesson #2

Lesson 2: Externalities

Negative Production Externality

Positive Production Externality

Impact & Solution

Problem

Homework (Watch Videos & do the 2011B FRQ #2)

Welker - video

·      Market Failure – Negative Externality of Consumption

·      Market Failure – Positive Externality of Consumption

Waugh –  DUE Thursday 2011B FRQ #2 (Complete and have in class on Thursday)

AP Central - FRQ - 2011B FRQ #2

AP Central - FRQ - Answer - 2011B FRQ #2 Answer

AIS Resource Costs (Labor) Lesson #2

    AIS Resource Costs (Labor) Lesson #2

     mjmfoodie - video

ACDC - video

Monopsony  (Monopoly in the labor market)

    Reffonomics  - website - link (Do look at this link!!!)

    Labor Market Lesson

    MRP = MRC

   

   AP Central FRQ Questions 1-3 (Bring to class,, completed)

    2008B FRQ#3

   AP Central Answer to 2008B FRQ#3

   2008B FRQ#3 (Answer)

   ACDC - Video - on 2008B FRQ#3