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 

   

   

AIS Resource Costs (Labor) Lesson 1

AIS (Labor) Lesson 1

mjmfoodie - Perfectly Competitive Factor & Output Market

ACDC - Videos

• 5.2 Perfectly Competitive Labor Markets

• 5.3 Comparing Product & Resource Markets

• 5.4 Resource Market MRP = MRC

Reffonomics - Website

Derived Demand

MRP = MRC

AIS Market Failure Lesson 1

AIS Market Failure  Lesson 1



Market Failure - Introduction

1) mjmfoodie - market failure episode 31

2) welker - Intro to Market Failure - Negative Externality

3) ACDC - Market Failure - Micro 6.2

4) ACDC - Externalities - Micro 6.3

5) mjmfoodie - Episode 32

6) Mike Munger - When is a potato chip not a potato chip?

7) Reffonomics - website

Reffonomics - Market Failure/ Externalities

8) AP Central - Problem

2013 FRQ#3

9) AP Central  - Answer

2013 FRQ#3

Happy New Year, Chinese Style

Here is wishing all a Happy Chinese New Year

MPC/MPS & Multiplier Cheat Sheet

MPC/MPS & Multiplier Cheat Sheet

OK, I banged this out rather quickly this morning as I had a request for a cheat sheet. Anyone noticing anything wonkey in my math please e-mail wcwaugh@aol.com.

Do not memorize these relationships,,, do enough work to understand the relationships between the variables.

Welker does an excellent job.

Pajholden does a very good job, also.

mjmfoodie touches nicely upon the connection between fiscal policy an the governments intervention in its attempts to kickstart the economy.

AS Short-run & Long-run, Classical Keynesian views (Cheat Sheet)

AS Short-run & Long-run, Classical Keynesian views