| Steven M. Reff Economics Lecturer University of Arizona (2007 - 2016) The 2015 University of Arizona Five-Star Faculty Award |
| Week 9: Market Failures, Externalities, and Income Equality |
| Estimated Learning Time: 4 to 5 class periods (45 min. each) |
(Make sure you take the 3 multiple choice questions underneath the video.)
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| Standard 9: Market Failures |
| "In an on-level high school economics course, students are typically taught . . . primary types of market failures. These are presented as "glitches" in the system where the free market fails to allocate resources efficiently, often leading to government intervention to restore balance." Ask Google AI 1 Market Failure includes such topics as: Externalities Public Goods Common Pool of Resources Unequal Distribution of Income |
Reading Assignment -- Chapter 9:
Video Book -- Chapter 9:
Interactive Activities -- Chapter 9:
(Make sure you take the 3 multiple choice questions underneath the video.)
INTERACTIVE GRAPHS FOR TEACHERS TO USE INSIDE THEIR CLASSROOM:
(2:44 minutes)
2:32 minutes)
(3:00 minutes)
(1:50 minutes)
(2:23 minutes)
(Make sure you take the 3 multiple choice questions underneath the video.)
| Week 9, eWorkbook Activities (Thursday) |
(2:54 minutes)
(Make sure you take the 3 multiple choice questions underneath the video.)
(3:00 minutes)
(Make sure you take the 3 multiple choice questions underneath the video.)
| Standard 9: Externalities |
(Make sure you take the 3 multiple choice questions underneath the video.)
(Make sure you take the 3 multiple choice questions underneath the video.)
Reading Assignment -- Chapter 10:
Interactive Activities -- Chapter 10:
| Standard 9: Private vs. Public Goods |
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Reading Assignment -- Chapter 12:
Video Book -- Chapter 12:
Interactive Activities -- Chapter 12:
| Standard 9: Income Inequality |
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| Negative Externality FRQ |
| Standard 9: Review Externalities and Income Inequality |
| See if You Smart Enough to Answer College-Level Questions about the P Ceiling and P Floor? |
NOTE: Reffonomics Baseball can be played inside a classroom or all the questions in
the game can be answered individually as homework.
the game can be answered individually as homework.
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| Negative Externality FRQ |
(Skip the last question -- question b covering a lump-sum tax.)
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