Examine externalities and unintended consequences

Assignment Help Macroeconomics

Reference no: EM131831300

Assignment

Purpose of Assignment

The theory of market economies emphasizes freedom of choice and limited government intervention. The classic argument for government intervention is market failure - the inability of the market economy to correct itself from a dysfunctional state (such as the Great Depression). Students will examine articles from the University library to analyze real-world examples of U.S. government intervention programs and apply current week readings to make intelligent conclusions about the economic policies.

Examples of intervention programs you may select, but are not limited to:

• US agriculture support programs
• Low income support programs (Food Stamps, Earned Income Tax Credit, Child Tax Credit, and Temporary Assistance to Needy Families)
• Medicaid, Children's Health Insurance Program, The Affordable Care Act (Obamacare)
• Low-income rent controls and housing vouchers
• Government promotion of renewable energy sources to discourage use of fossil fuels such as coal and oil
• Unemployment Insurance
• Bailout of U.S. banks and other financial institutions during the Great Recession
• Bailout of U.S. auto makers during the Great Recession
• Social Security retirement benefits

Develop a minimum 10-slide Microsoft PowerPoint presentation including detailed speaker notes or voiceover including the following:

• Describe the intervention and detail its history.

• Analyze the arguments for government intervention as opposed to arguments for market-based solutions. Hint: See the information in our course textbook on market failures.

• Examine who may be helped and who may be hurt by the selected government intervention.

• Examine externalities and/or unintended consequences of such intervention.

• Determine the cost trend of the intervention program since its implementation including whether costs are increasing, decreasing, or vary with the state of the economy.

• Evaluate the success or failure of the intervention in achieving its objectives and develop conclusions.

• Recommend whether the program should be continued as is, discontinued, or modified and defend your recommendation.

Note: The use of tables and/or charts to display economic data over the time period discussed is highly encouraged. However, if your source includes the copyright symbol, which looks like this: then you should not copy any table and/or charts from that source. You could use, but are not required to use, charts/graphs retrieved from the Federal Reserve Bank of St. Louis FRED web site as long as the data sources used by FRED to create those charts are government sources such as the Bureau of Economic Analysis or the Bureau of Labor Statistics.

Cite a minimum of three scholarly, peer-reviewed references.

Format your paper consistent with APA guidelines.

Reference no: EM131831300

Questions Cloud

Contrast at least two instructional design models : Compare and contrast at least two instructional design models. Which model is most appropriate for your work environment? why?

Market yourself to potential employers : Can someone come up with an elevator speech that you can use to market yourself to potential employers.

Can you think of any problems that such an incentive scheme : Can you think of any problems that such an incentive scheme might cause? Many professional athletes get a bonus if they win a championship.

Compute ending inventory by conventional retail inventory : The records of Mandy's Boutique report the following data for the month of April. Compute the ending inventory by the conventional retail inventory method

Examine externalities and unintended consequences : Examine externalities and/or unintended consequences of such intervention. Describe the intervention and detail its history.

Decrease the stress levels of employees : What are companies doing to decrease the stress levels of their employees? To what degree do you think that these steps will help them retain valued employees

Technical quality of health care entails : Do you believe that improving the technical quality of health care entails the risk of dehumanization?

Calculation of the cost : In project management, the WBS helps with the calculation of the cost, time and work effort as well as the gathering of requirements from the customer.

Why are calls to give harsher penalties to drug dealers : Why are calls to give harsher penalties to drug dealers and kidnappers often met with warnings by economists?

User Account

All Pages