Activity 1: Midterm Review Activity 2: Externalities

PEER ASSISTED STUDY SESSIONS
th
th
Facil: Eric De Prophetis
Course: ECON 1000 AV
Week: November 4 and 6
Email: [email protected]
Office: 408 Library
Office Hour: Monday 10:30- 11:30
Activity 1: Midterm Review
This section there will be an open review. We will go over various questions from the midterm that students struggled
with, or ones that I think were left out from workshop and/ or the mock midterm.
Activity 2: Externalities
For each of the scenarios below, answer the following questions:
** Use graphs/ pictures to help depict your answers!
1. Does an externality exist? If so classify it as positive or negative (or both?)
2. If an externality exists, determine whether or not the Coast Theorem applies
3. If an externality exists and the coast theorem does NOT apply, argue which of the government’s tools are best
suited to address the issue: quality regulation, taxes/ subsidies, tradable permits etc.
Scenarios:
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British Petroleum drills for oil in the gulf coast
DISCLAIMER: PASS worksheets are designed as a study aid only for use in PASS workshops. Worksheets may
contain errors, intentional or otherwise. It is up to the student to verify the information contained within.
PLEASE NOTE: THIS WORKSHEET IS NOT TO BE DISTRIBUTED.
PEER ASSISTED STUDY SESSIONS
th
th
Facil: Eric De Prophetis
Course: ECON 1000 AV
Week: November 4 and 6
Email: [email protected]
Office: 408 Library
Office Hour: Monday 10:30- 11:30
-
Carbon Emissions from vehicles
-
Your neighbors turning up and throwing awesome (but loud) parties
DISCLAIMER: PASS worksheets are designed as a study aid only for use in PASS workshops. Worksheets may
contain errors, intentional or otherwise. It is up to the student to verify the information contained within.
PLEASE NOTE: THIS WORKSHEET IS NOT TO BE DISTRIBUTED.
PEER ASSISTED STUDY SESSIONS
th
th
Facil: Eric De Prophetis
Course: ECON 1000 AV
Week: November 4 and 6
Email: [email protected]
Office: 408 Library
Office Hour: Monday 10:30- 11:30
-
Crying babies on a plane
Activity 3: Fun Video??
DISCLAIMER: PASS worksheets are designed as a study aid only for use in PASS workshops. Worksheets may
contain errors, intentional or otherwise. It is up to the student to verify the information contained within.
PLEASE NOTE: THIS WORKSHEET IS NOT TO BE DISTRIBUTED.