Economics – 2/29/2016

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. Identify at least two areas of concern where John Stuart Mill promotes government serving a purpose?
3. Explain 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

A. Discussion

1. Running the Country
2. Identify the role government has in each as either:  protector, provider, or regulator

• Environmental Protection Agency
• Food and Drug Administration
• Libraries
• Federal Communications Commission
• Consumer Product Safety Commission
• Highways and Roads
• Agricultural subsidies
• Education
• Federal Bureau of Investigation
• Securities and Exchange Commission
• Interstate Commerce Commission
• Supreme Court

B.  HOW ECONOMIC FREEDOM LEADS TO PROSPERITY

IV,  Exit Ticket:

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

Economics W2016