- 1. Good Day!DRAW A LINE SEPARATING TODAY & YESTERDAY 1)
Write: Date:01/20/10 , Topic:Econ Subway Ad 2) On the next line,
write Opener #8 and then:1) Plot your mood, reflect in1 sent . 2)
Respond to the opener by writing at least2 sentencesabout : Your
opinions/thoughtsOR/AND Questions sparked by the clipOR/AND Summary
of the clipOR/AND Other things going on in the news. Announcements:
None Intro Music: Untitled Stossell Free Market
2. 3. Work #8a , Title Opener Shareout Pick 1 thing from your
opener to share with your partner. 1) Each of yousign your name in
yourpartners workbookunder1) to verified youve shared. 4. Pick 1
news story to share with your partner. 2)Each of yousign your name
in yourpartners workbook under1)to verified youve shared. 5. Agenda
1)Econ Subway Ad Project End Goal, you will be able to 1)How can
behavior econ be used to improve peoples lives?Reminder 1) Find
& complete your 4 news pods 6. 3 Types of Incentives 1)
Financial Incentives Cant pay everyone for everything 2) Social
Incentives People arent always watching 3) Moral Incentives At
times the weakest, but also the strongest (ppl die for what the
believe in) 7. Negative Externality:People face hardship without
being compensated.Exp: Pollution 8. Positive Externality:People
benefit without paying.Exp: Good Scenery 9. Notes #6a , Title:
Market Failures 4) Internalizing Externalities : Making the cost
reflect total hardship OR benefit, most often through taxes. Tax
can be used to correct harm. Copy chart onthe right. > 10. Work
#8b , Title Video: Negative Externality 1)Copy Source Title: Human
Footprint + Story of Us 2)Discuss questions on the board with a
partner. Summarize your discussion ( include theirnameat the end
).Remember participation points are deducted if off task.5
Reading/Film Qs Come From These Work Sections Time Bookmark: 0, 28,
59, 1:28 11. 12. 13. Work #8c , Title EconoPower Questions Read 1
stpg, share with your group, and then summarize each of the 4 : 1)
What is most useful point ofReading1oneconomic tools 2)What is most
useful point ofReading2onfree markets 3) What is most useful point
ofReading3onincentives 4)What is most useful point
ofReading4onexternalities 5 Reading/Film Qs ComeFrom These Work
Sections Time Bookmark: 00:00 5 Reading/Film Qs Come From These
Work Sections 14. Work #8c ,Title Team Ad Project a)
Leader:Executes the instructions, maintains morale through
compliments, maximizes everyones contribution, and holds a larger
responsibility for the task ( Fills out project sheet,+- 1 EC point
).b) Presenter:Presents team findings to the class. c)
Designer:Designs team product , email:[email_address]( +- 0-5 EC
pts ).d) Logistics:Make sure economic concepts (look over notes)
are used Task:Pick aproblemand use:incentives(1/3)ORa nudgeOR
internalizing externalities(tax) to solve that problem. Work
Product:Subway ad building support + oral ad pitch In Your
Workbook: 1)Write down your role. 2)Write your
solution+possibleperv incentives+tradeoffs3)At end, summarize
Chiangs feedback +group reflection . Project 10pts, graded on:
aesthetics, eval, econ solution 15. 16. Examples: Traffic: Charge
during traffic hour (econ incentive) Increase Voting: Automatically
registering all potential voters (nudge) Reduce Disposable
Batteries: Tax batteries to pay for cleanup (extern) 17. 18. Work
#8d , Intro Unit Closer Before the governor (Mr Chiang) signs the
bills, he wants the voters input. 1)Howcapitalist, socialist, or
communistare the current bills that are proposed?2)Would you
support or be against the real CAs legislature, if it wrote laws
with the sameintents as conveyedin the bills before you? 3)What do
you predict to be the long termpros/consof this legislation?
4)Whatchangesdo you think should be made to the bills? 19. Work #8d
, Intro Unit Closer Pick the 1 most important thing you learned so
far to share with your partner. 5) Write down a brief summary of
what your partner said ( include their name ). 6)Rate 1-10 (1:
confused, 10: too easy) how well you well you mastered the last 2
weeks. 20. Homework:1)Study todays notes + work sections for
apossible workbook quiz . 2)Pick and listen to your4 news podcastby
next Monday. Workbook Check:If your name is called, drop off your
workbook with Mr. Chiang ( if requested, points lost if your
workbook is not turned in )