Economics – 10/05/15

I.  Bellwork : John Stuart Mill – The Role of Government

A.  Question & Answer

1. Find at least 4 words you do not know the meaning of and list them.
2. How does John Stuart Mill view the role of government?
3. List at least one example he uses to support his claim.
4. Do you share his view? Explain

II.  Objective:

• Analyze and discuss government’s role in the economy in relationship to the economic goals of society.
• Determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the key details and ideas.

III. Functions of Government in the Economy – Construct a Tree Map Pgs. 52-53

IV.  Discussion

A.  Running the Country

B.  Identify the role government has in each as either:  protector, provider, or regulator

1. Environmental Protection Agency
2. Food and Drug Administration
3. Libraries
4. Federal Communications Commission
5. Consumer Product Safety Commission
6. Highways and Roads
7. Agricultural subsidies
8. Education
9. Federal Bureau of Investigation
10. Securities and Exchange Commission
11. Interstate Commerce Commission
12. Supreme Court

D.  HOW ECONOMIC FREEDOM LEADS TO PROSPERITY

V. Exit Ticket:

• Copy the first objective and list at least 3 things we learned relating to it.

Economics F2015