G11 - Week 11 - Day 3

In-class work

1. Ch. 6 vocabulary and diagram quiz
2. Questions
1. Negative Externalities of Consumption as a Market Failure - part 1
2. Negative Externalities of Consumption as a Market Failure - part 2
3. Page 130
4. Exercises 1-3

At-home work

1. Positive externalities of production
2. Positive externalities of consumption

G12 - Week 11 - Day 2

In-class work

1. Ch. 26 flashcards for vocabulary and diagram
2. Questions
1. Economic growth versus development
2. Common characteristics of developing countries
3. Exercises 1-7

At-home work

1. Ch. 26 vocabulary quiz
2. Sustainable growth and development
3. Measurement of development - single indicators

G11 - Week 11 - Day 2

In-class work

1. Ch. 6 vocabulary and diagram flashcards
2. Questions

3. Introduction to Market Failure

4. Negative Externalities of Production

5. Competitive markets (p. 25)
1. Market failure occurs when any of the assumptions for perfectly competitive markets are NOT true
6. Command and Control Solutions
7. The Coase Theorem

At-home work

1. Ch. 6 vocabulary and diagram quiz
2. Negative Externalities of Consumption as a Market Failure - part 1
3. Negative Externalities of Consumption as a Market Failure - part 2

G12 - Week 11 - Day 1

In-class work

1. IA Trade commentary
2. Trade exam and mark scheme
3. Economic Development

At-home work

1. Ch. 26 flashcards for vocabulary and diagram
2. Economic growth versus development
3. Common characteristics of developing countries

G11 - Week 11 - Day 1

In-class work

1. Practice question
1. Explain why a government might introduce subsidies for food. [10 marks]
2. Discuss possible negative consequences that may arise from a government decision to subsidize food. [15 marks]
2. Competitive markets (p. 25)
1. Market failure occurs when any of the assumptions for perfectly competitive markets are NOT true

At-home work

1. Ch. 6 vocabulary and diagram flashcards
2. 
   

   Introduction to Market Failure
3. 
   

   Negative Externalities of Production

G11 - Week 11 - Day 3

In-class work

1. News article sharing and discussion
1. Exercises 1-3 p. 239
2. Exercises 4-7 p. 241

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From the blogosphere

1. Angus Deaton on Responsible Nationalism

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Currently Reading

Debt: The First 5,000 Years

G11 - Week 11 - Day 2

In-class work

1. News article sharing and discussion
2. Measuring GDP using the Income Approach and the Expenditure Approach - HD
1. Exercises 1-3 p. 239
2. Exercises 4-7 p. 241

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From the blogosphere

1. Economics Explained

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Currently Reading

Debt: The First 5,000 Years

G11 - Week 11 - Day 1

In-class work

1. Introduction to Macroeconomics
2. Micro IA discussion
3. Peer marking of ch. 5-6
4. Find news article from ch. 1-6 topics

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From the blogosphere

1. My Second Thoughts About Universal Basic Income

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Currently Reading

Debt: The First 5,000 Years