Unit 5: The Role of Government
Duration of Days: 17
Students will know public goods, private goods, free riders, cost-benefit analysis, spillover costs and benefits, positive and negative externalities, government intervention, market failure, income inequality, distribution of income, Lorenz curve, Gini ratio, and causes of income inequality.
Students will evaluate the need for government intervention, analyze externalities, graph socially optimal outcomes, conduct cost-benefit analysis, interpret Lorenz curves and Gini ratios, and argue for or against policy responses to market failures and inequality.
Students will demonstrate understanding through policy analysis, graph interpretation, written arguments, discussion, performance tasks, quizzes, data analysis, and unit-level assessment.
| Lesson # | Lesson Title | Duration of Days |
|---|---|---|
| 1 | Market Failure and Public Goods | 4 |
| 2 | Externalities and Government Intervention | 5 |
| 3 | Evaluating Government Intervention | 2 |
| 4 | Income Inequality and Distribution of Income | 4 |
| 5 | Policy Responses, Case Study, and Unit Assessment | 2 |