Economics – 2/28/2017

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 identifies government as 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.Turn in Minimum Wage Paragraphs

IV.  Functions of Government in the Economy – Discussion

A.  Construct a Tree Map Pgs. 52-53

B.  Running the Country

C.  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

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 W2017