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Grade12, Economics Std. 6.3: Explaining conditions where government intervention may be chosen

Lesson Plans: What are the Economic Functions of Government? Students will identify the six economic functions of government; classify examples of government actions and policies within various economic functions; identify and evaluate two different positions on the role of government in the economy Market Failures. In this lesson students will examine the role of regulatory agencies in response to market failures. Prior to the lesson, have students collect newspaper articles on the work of the five regulatory agencies. Who Knows What Inefficiencies Lurk in the Hearts of Rent Controlled Housing Markets? The Shadow Market Knows! Students will evaluate the effects of government imposed rent control. Market Failures and Government Regulation: Is the Cure Worse than the Disease? Economic Solutions to Pollution. After students have developed an understanding of externalities, they examine a case study of pollution in Los Angeles and determine a variety of solutions for this problem. The costs and benefits of these solutions are explored.

Resources: White House Economic Statistics Briefing Room Department of the Treasury Department of Labor Department of the Interior Department of Energy Department of Transportation Alabama Virtual Library Economics America A nationwide, comprehensive program for economic education in America's schools. EcEdweb. The mission of EcEdWeb, the Economic Education Website, is to provide support for economic education in all forms and at all levels. AmosWEB. Outstanding online economics resource. All resources ,except the E-tutor, are available free of charge. ECONlinks Site developed to provide easy access to basic economic and financial information for students in economics and business courses. The list of links is purposely not encyclopedic, but contains a variety of resources that you will find useful in your courses. Schools of Economic Thinking
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