This document outlines the daily agenda and assignments for an economics class. It includes instructions for completing news podcasts, group projects on economic concepts like incentives and externalities, and a closing discussion on proposed legislation. Students are asked to analyze bills using economic lenses, predict their impacts, and discuss what changes should be made. They also provide feedback to partners and self-assess their understanding of recent lessons. Homework includes studying the notes and completing assigned podcasts.

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 in 1 sent . 2) Respond to the opener by writing at least 2 sentences about : Your opinions/thoughts OR/AND Questions sparked by the clip OR/AND Summary of the clip OR/AND Other things going on in the news. Announcements: None Intro Music: Untitled Stossell Free Market

3. Work #8a , Title “ Opener Shareout ” Pick 1 thing from your opener to share with your partner. 1) Each of you sign your name in your partner’s workbook under 1) to verified you’ve shared.

4. Pick 1 news story to share with your partner. 2) Each of you sign your name in your partner’s workbook under 1) to verified you’ve shared.

5. Agenda 1) Econ Subway Ad Project End Goal, you will be able to… 1) How can behavior econ be used to improve people’s lives? Reminder 1) Find & complete your 4 news pods

6. 3 Types of Incentives 1) Financial Incentives Can’t pay everyone for everything 2) Social Incentives People aren’t 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 on the 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 their name at 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

13. Work #8c , Title “ EconoPower Questions ” Read 1 st pg, share with your group, and then summarize each of the 4 : 1) What is most useful point of Reading 1 on economic tools 2) What is most useful point of Reading 2 on free markets 3) What is most useful point of Reading 3 on incentives 4) What is most useful point of Reading 4 on externalities 5 Reading/Film Qs Come From 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 everyone’s 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 a problem and use: incentives (1/3) OR a nudge OR 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+possible perv incentives + tradeoffs 3) At end, summarize Chiang’s feedback + group reflection . Project 10pts, graded on: aesthetics, eval, econ solution

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)

18. Work #8d , “ Intro Unit Closer ” Before the governor (Mr Chiang) signs the bills, he wants the voters input. 1) How capitalist, socialist, or communist are the current bills that are proposed? 2) Would you support or be against the real CA’s legislature, if it wrote laws with the same intents as conveyed in the bills before you? 3) What do you predict to be the long term pros/cons of this legislation? 4) What changes do 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 today’s notes + work sections for a possible workbook quiz . 2) Pick and listen to your 4 news podcast by 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 )