Market Failures

Essential Question:

What is the proper role of government in a free market system?

Portrait of a Graduate:

● Critical Thinking: Analyze how government policies affect economic cycles and market performance.

● Global Citizenship: Understand the impact of government actions on local and global economies. ● Responsibility: Recognize the ethical considerations in government interventions and their societal impacts.

Inquiry Question:

1. How do government regulations impact economic efficiency and equity?

2. Inquiry Question:

2. In what ways can government intervention prevent market failures?

3. Inquiry Question:

3. How does government policy influence economic growth and stability?

Student Outcomes:

● Distinguish between various government roles and their impact on free markets.

2. Student Outcomes:

● Assess how government policies affect market efficiency and economic stability.

3. Student Outcomes:

● Articulate arguments for and against different levels of government intervention.

Skills Demonstrated:

Standards:

● SS:EC:3: Cycles in the Economy: Students will be able to explain the business cycle and trends in economic activity over time.

Resources:

[Our Hidden Google Drive Resource link]

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