Today's warm up had to do with flights to and from Hawaii. Here's a picture I took from the top of Diamond's Head crater, looking out on Honolulu and the Pacific Ocean. Why would you want to leave this, if you didn't have to for business? That was a main reason why airfares are higher from Hawaii to the mainland.
Hi everyone,
Another good class today - I'm sort of glad that we did not finish the PowerPoint, because it meant less talking by me during class! We will pick back up next class. If you would like to review, the presentation is below.
Soundtrack: "Regulate" by Warren G and Nate Dogg. Picked for today because the regulation of Wall Street and the mortgage backed securities was sorely lacking before the financial crisis. Lyrics (somewhat dirty, but not too bad) here.
AGENDA 3/4/13:
Warm Up/LT Check
Another Frightening Show
Chapter 2 LT PowerPoint
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Warm Up: The warm up question for today (#8 overall) was: Why are round-trip fares from Hawaii to the mainland higher than the corresponding fares from the mainland to Hawaii?
I talked a little bit about this above, but the reason is because vacation travelers have all sorts of opportunity costs at play with where they select to go to. Thus, airlines need to be competitive for the vacation travelers from the mainland, where the most frequent passenger from Hawaii to the mainland are business people, which really HAVE to be on a flight (there isn't much choice there).
While you were writing the warm up, I was checking off completed learning targets. If you did these for today, you get to use a note card on the Chapter 2 test. If you did not complete them, you still need to get them done ASAP!
Another Frightening Show: We listened to the first part of this podcast: ThisAmericanLife.org - "Another Frightening Show About the Economy" Here's the transcript and definitions that we looked at in class:
You need to have these definitions written down. At the end of this section, I had students write in your economics notebooks to put the podcast in your own words. We will continue doing this in future classes, too.
Chapter 2 LT PowerPoint: We were able to get through about half of the presentation. Next class, we will finish this. Thanks for taking notes and paying attention. Here it is if you want to preview next class, or review what I talked about in class:
See you on Wednesday!
I need more time to finish the learning target so that I can get the note cards.
ReplyDeleteHi Irnes!
DeletePlease try to finish the learning targets as soon as you can. I will finish the presentation tomorrow in class, then I will give you the Chapter 2 review packet.