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 )