Week 11 on Monday: I can define and provide examples of Market Failures

Welcome to Module 08 Part 3: Economic Progress and the Role of Government.
Concepts and Topics: Protective and productive roles of government; Market failure: externalities; Market failure: monopoly; and Market failure: public goods

DO NOW (Bellringer)  Write an initial uneducated response to Discussion 8  (5 min)
First, use the reply button below and answer one question. Automatically earn 2 points for giving your first thoughts. No preparation is needed.

1. Students with last names beginning with A-G: According to Thomas Jefferson, “A wise and frugal government, (is one) which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvements, and shall not take from the mouth of labor the bread it has earned.” Using your own words, explain what Jefferson meant.
2. Students with last names beginning with H-N: The production of electricity through coal releases carbon into the environment.   If restrictions limit the use of coal in the production of electricity, who would be the major beneficiaries?  Who bears the costs?
3. Students with last names beginning with O-Z: Which of the following are public goods?: an antimissile system surrounding Washington D.C., a fire department, Yellowstone National Park, and Disney World amusement park. Explain your choices. 

Task 1:  Learn the Material 

Read the Outline notes provided (alone, 10 min))
Watch the videos and discuss in class.  (together as a class, 20 min)
Listen to podcasts (choice, 10 min)

Task 2  Using the book, notes, and knowledge from video and podcasts
Do: Assignment 08  (10 min)


Wed:  

Review CSE 3.1    3.2     3.3 

Do: Quiz 08  (10 min)

Exit Slip
Do: Post Discussion 08  (10 min)  Conclude the module by returning to the discussion board. Earn up to 8 points for expanding your original answer using assigned learning resources. References to the assigned reading and one or more learning resources are required.

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Fri:  I can explain how government protective functions affect the economy.  I can expalin the government's position in the market flow of the economy.  I can define national debt and budget deficit. 

Bellringer:  Critique Reflection:  20 min
Return to your discussion posts for Modules 2 through 8.  Read my comments on how to get a better grade.  For each comment I made, write on your comment card: the date and time I posted and re-write your Post Discussion correctly.   2 points for each comment card. 

Task 1:   Use the RACE method and write a Pre Discussion Post or module 9   5 min

Task 2:  Student Leaders:  Use the Outline and Mark Text for Element 3.4.  Explain to Fellow students why it helps you to mark the words you mark.  15 min

Task 3:  Watch/Read/Discuss:  Model think aloud for Video 1.  Model Reading for 3.4.  Discuss.  

Exit Slip: Assignment 9 Two short answer questions and two questions to look up info on internet.