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Week 8/ September 25 to September 29

September 25 2017

Essential Question:

SSEF5 The student will describe the roles of government in a market economy. 
a. Explain why government provides public goods and services, redistributes income, protects property rights, and resolves market failures. 
b. Give examples of government regulation and deregulation and their effects on consumers and producers. 

EQ:  Why does government intervene in a market economy?

Activator:

Classnotes:

Protecting Private Property Rights:

Since private ownership is key to a market, there must be rule of law to protect that property.  In addition, government serves to protect intellectual property by giving patents and copyrights.  This gives individuals the incentive to go out and innovate so that they can expand their own material well-being, and help us in the process!

What are some types of private property?  Tell me on Todaysmeet.

 

Teaching Strategies: 

As a class, examine property that students identified.  Classify into two types:  Physical  and Intellectual.  Tell students that we are going to discuss why government steps in to protect private property in a mixed economy.  Ask students:  Why does our physical property need to be protected?  Students suggest answers.  Put ideas on smart board. Tell students that one particular reason for government to protect private property is because it leads to more efficiency.

Have four student volunteers.  Put paper clips on the floor.

Round 1: Students get 1 jolly rancher for each rhino that they kill.

Round 2: Students get 1 jolly rancher for each rhino that they kill and 2 for each rhino that is left alive after 20 second period.

Round 3: Clearly assign property rights.  Same incentive as R2.  This time rhinos will live.

Debrief simulation with students.  Why did rhinos survive in 3rd round?  Government clearly defined and protected property rights.  Key idea:  When our private property is clearly identified and protected, those resources are more efficiently used. Segue to intellectual property – have students give more examples.  Why does government protect intellectual property?  Students give ideas. Watch John Stossel video on the pharmaceutical industry.  Viewing focus:  Why does government protect the intellectual property of these pharmaceutical companies and allow them to charge so much for medicine?  Students will comment on video in a discussion strand. Debrief video by discussing student responses.

John Stossel Video: CLICK HERE

https://www.youtube.com/watch?v=SIhbQlib4Tw

Presentation is available under Unit 2 Economic Systems entitled Property Rights.

Property Rights CLICK HERE

Summarizer:

Socrative Exit Ticket

Differentiation:

Guided Notes, Simulation

 

September 26 2017

Essential Question:

SSEF5 The student will describe the roles of government in a market economy. 

a. Explain why government provides public goods and services, redistributes income, protects property rights, and resolves market failures.

b. Give examples of government regulation and deregulation and their effects on consumers and producers.

EQ:  Why does government intervene in a market economy?

 

Activator:

Classnotes:

Correcting Market Failures (Externalities)- Sometimes the market does not distribute costs efficiently. People wind up bearing external costs from the actions of others.  These are called negative externalities.  Examples of this include pollution, second-hand smoke, loud music, etc.  The role of government is to come in and place regulations or taxes on the groups involved in the behavior to reduce the spill-over costs.  (**Actions that provide external benefits are often provided as public goods, such as education.)

 

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Give statement:  Market failures occur when there is some type of externality created.  Brainstorm what an externality might be.  Focus on the key components of the word “externality.”  Hint:  One example of an externality is when you breathe in second-hand cigarette smoke.

Teaching Strategies: 

Show whistle tips video as an example of an externality.  Have students use the video to derive what an externality is.

CLICK HERE

How is an externality a market failure?  Discuss.  Key idea is that other people bear costs or gain benefits of actions that certain people take.  Nearpod is avalaible at MPBQT

Have students come up with other examples of market failures. (Both positive and negative)

Examine how government intervenes to correct market failures.  Ask students to brainstorm in elbow partners, how we fix problems like second-hand cigarette smoke, whistle tips, and pollution.  Discuss.

Students will complete several scenarios related to market failures.  Avaliable under Unit 2 Economic Systems entitled Market Failure Case Studies.

Market Failures Case Studies CLICK HERE

Whistle Tips Video

https://www.youtube.com/watch?v=JZD-ADArwXo

 

Presentation is available under Unit 2 Economic Systems entitled Externalities CLICK HERE.

 

Summarizer:

Socrative Exit ticket

Differentation:

 

September 27 2017

Essential Question:

SSEF5 The student will describe the roles of government in a market economy. 

a. Explain why government provides public goods and services, redistributes income, protects property rights, and resolves market failures.

b. Give examples of government regulation and deregulation and their effects on consumers and producers.

EQ:  Why does government intervene in a market economy?

 

Activator:

Classnotes:

Classnotes:

 

A regulation is a rule or law placed on businesses by government.  More regulation tends to increase costs for producers and prices for consumers.  However, there tends to be increased safety, quality, or product clarity when regulations are in place.  Regulations causes higher prices and higher costs for consumers and producers.  Deregulation is the removal of laws placed on business, and lead to lower prices, more choices for consumers, Lower costs, more competition for producers

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Students will take pretest covering providing public goods and services, redistributing income, protecting property rights, or resolving market failures.  This quiz will be used to place students into groups.

Teaching Strategies: 

Explain to students that we have taken a very brief and limited look at government’s role in a market economy.  It is now their turn to go a little deeper.

Divide students into differentiated groups based on last quiz scores.  Assign groups one of the four topics (providing public goods and services, redistributing income, protecting property rights, or resolving market failures.)  Topics assigned to groups will be based on their Socrative assessments.  Each group will be assigned one that the group as a whole did poorly on.

Students will be required to make an outline or storyboard for their video.

Students will then make a 3-5 minute video that includes reasons, issues, and examples of government involvement.  Students will then be required to share their video.

Students will be required to create a short assessment to go along with their video that will be delivered to students.

** Students who are absent more than one day this week will do an alternate essay assignment.

Unit 2 Project CLICK HERE

Project Rubric CLICK HERE

Summarizer:

Teacher Check of Work.  Students will be provided with a detailed schedule they should follow.

Differentiation:

Students will be grouped based on pretest.

 

September 28 2017

Essential Question:

SSEF5 The student will describe the roles of government in a market economy.

a. Explain why government provides public goods and services, redistributes income, protects property rights, and resolves market failures.

b. Give examples of government regulation and deregulation and their effects on consumers and producers.

EQ:  Why does government intervene in a market economy?

Activator:

None Project work day.

Teaching Strategies: 

Students will continue to work on projects.

Summarizer:

Teacher Check of Work.  Students will be provided with a detailed schedule they should follow.

Differentation:

 

September 29 2017

Essential Question:

SSEF5 The student will describe the roles of government in a market economy.

a. Explain why government provides public goods and services, redistributes income, protects property rights, and resolves market failures.

b. Give examples of government regulation and deregulation and their effects on consumers and producers.

EQ:  Why does government intervene in a market economy?

Activator:

None Project work day.

Teaching Strategies: 

Students will continue to work on projects.

Summarizer:

Teacher Check of Work.  Students will be provided with a detailed schedule they should follow.

Class will present project on following class day.

Differentation:

 

October 2 2017

Essential Question:

SSEF5 The student will describe the roles of government in a market economy.

a. Explain why government provides public goods and services, redistributes income, protects property rights, and resolves market failures.

b. Give examples of government regulation and deregulation and their effects on consumers and producers.

EQ:  Why does government intervene in a market economy?

Activator:

None Project work day.

Teaching Strategies: 

Students will share work as a class and take socratives created by group

Summarizer:

Teacher Check of Work.  Students will be provided with a detailed schedule they should follow.

Differentation:

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