Unit 5: The Role of Government

Can include, but is not limited to:
Public goods (demand and supply of public goods, optimal quantity of public goods, cost-benefit analysis), externalities (spillover costs and benefits, government intervention), income inequality (distribution of personal income, Lorenz Curve and Gini Ratio, causes of income inequality)

Can include, but is not limited to:
In this final unit, students will be able to argue for or against government intervention in the marketplace. Students will evaluate the needs for public goods and be able to determine externalities within the market. Students will study and apply the concepts of social benefit and marginal social cost to determine the need for government intervention.

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