Decisions about whether to raise fares or cut service or about the geography of transit expansion have enormous bearing on who has access to affordable transportation. Thanks to Title VI, the Federal Transit Administration requires recipients of federal transit funding to comply with a series of requirements that strive to limit negative impacts on communities of color. However, as we conclude in our recent report, "Inclusive Transit:
It places primary emphasis on the nature and functions of product markets, and includes the study of factor markets and the role of government in promoting greater efficiency and equity in the economy. This portion of the AP Economics course will be divided into five units.
We will examine some methodological questions in economics, and cover such concepts as scarce resources, unlimited wants, and tradeoffs in decision-making.
We will analyze the different economic systems--market, command and traditional--that have been used to answer the questions of what to produce, how to produce and for whom to produce.
Finally, this unit will introduce the student to the economic way of thinking. Describe and analyze the "economic way of thinking" 2. Describe the methodology used in economics 3. Graph and interpret data 4.
Graph and distinguish between inverse, direct and zero relationships 5. Graph and distinguish between constant and variable relationships 6. Identify the conditions that give rise to the economic problem of scarcity 7.
Define Opportunity Cost 8. Identify the Opportunity Costs involved in various courses of action 9. Construct a Production Possibilities curve from sets of hypothetical data Analyze the significance of different locations on, above or below a Production Possibilities Curve Identify the three economic questions every economic system must answer Compare and contrast the economic philosophies of Adam Smith and Karl Marx Describe and analyze the economic goals of different economic systems Analyze the advantages and disadvantages of different economic systems days The laws of Supply and Demand are the absolute fundamentals of economics; as President John F.
In this unit, we will learn that Supply and Demand curves are models for human behavior, and we will learn to analyze the determinants of Supply and Demand and the ways in which changes in these determinants affect Supply and Demand curves.
Emphasis will be placed on the process by which equilibrium price and quantity are determined and the impact of government policies such as price floors, taxes, tariffs and quotas.
In particular it is important to be able to make the distinction between movements along the curves and shifts in the curves themselves. Describe the behavior of buyers and sellers in a competitive marketplace 2. List and explain the determinants of Demand 3.
List and explain the determinants of Supply 4. Define and distinguish between the Income and Substitution effects 5. Draw a graph of a Supply and Demand schedule from data 7. Determine what Equilibrium price and quantity will be when given the Demand and Supply data for a good 9.
Differentiate between a "change in demand" and a "change in quantity demanded" Differentiate between a "change in supply" and a "change in quantity supplied" Analyze factors and situations that cause Supply and Demand curves to shift Predict the effects of changes in the prices and quantities of Substitute and Complementary goods on the equilibrium price and quantity of a good Explain shifts in the Supply and Demand curves based on changes in Supply and Demand Define Price Elasticity of Demand Distinguish between Elastic and Inelastic Demand Explain the factors that tend to make Demand Elastic or Inelastic Determine the Elasticity of a good at different prices based on changes in Total Revenue Explain the factors that make a good Elastic or Inelastic Define and distinguish between a Normal and an Inferior good Define Price Ceilings and Price Floors The Latest TEA News.
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November 14, The Missouri Times: Gov. Parson appoints Eric Schmitt as next attorney general AP: Treasurer Eric Schmitt will become Missouri attorney general.
Apr 12, · But the White House and others who promote the myth are manipulating statistics in a way to convince women that they are the victims of systematic societal . Governor Malloy stressed ‘Connecticut fairness’ and equity in annual address.
in Hartford, Conn. (AP Photo/Jessica Hill) In his final State of the State Address on Wednesday morning, Connecticut Governor Dannel P.
Malloy said he hopes for the creation of a “fairer, Connecticut Fairness means we take care of one another. Fairness, on the other hand, is defined as the quality of having an unbiased disposition.
It is the characteristic of being just to everyone, of treating them without discrimination or partiality. It is the absence of prejudice. In this lesson, you will learn about the relationship between criminal justice and social justice. Additionally, this lesson applies the concepts of justice to wider notions of equity and fairness.