The theory of market economies emphasizes freedom of choice and limited government intervention. The classic argument for government intervention is market failure – the inability of the market economy to correct itself from a dysfunctional state (such as the Great Depression). Students will examine articles from the University library to analyze real-world examples of U.S. government intervention programs and apply current week readings to make intelligent conclusions about the economic policies.\t\u00a0\tExamples of intervention programs you may select, but are not limited to:\tUS agriculture support programs\t\u00a0\tLow income support programs (Food Stamps, Earned Income Tax Credit, Child Tax Credit, and Temporary Assistance to Needy Families)\t\u00a0\tMedicaid, Children’s Health Insurance Program, The Affordable Care Act (Obamacare)\t\u00a0\tLow-income rent controls and housing vouchers\t\u00a0\tGovernment promotion of renewable energy sources to discourage use of fossil fuels such as coal and oil\t\u00a0\tUnemployment Insurance\t\u00a0\tBailout of U.S. banks and other financial institutions during the Great Recession\t\u00a0\tBailout of U.S. auto makers during the Great Recession\tSocial Security retirement benefits\t\u00a0\tDevelop a minimum 10-slide Microsoft\u00ae PowerPoint\u00ae presentation including detailed speaker notes or voiceover including the following:\tDescribe the intervention and detail its history.\t\u00a0\tAnalyze the arguments for government intervention as opposed to arguments for market-based solutions. Hint: See the information in our course textbook on market failures.\t\u00a0\tExamine who may be helped and who may be hurt by the selected government intervention.\t\u00a0\tExamine externalities and\/or unintended consequences of such intervention.\t\u00a0\tDetermine the cost trend of the intervention program since its implementation including whether costs are increasing, decreasing, or vary with the state of the economy.\t\u00a0\tEvaluate the success or failure of the intervention in achieving its objectives and develop conclusions.\t\u00a0\tRecommend whether the program should be continued as is, discontinued, or modified and defend your recommendation.\t\u00a0\tNote: The use of tables and\/or charts to display economic data over the time period discussed is highly encouraged. However, if your source includes the copyright symbol, which looks like this: \u00a9, then you should not copy any table and\/or charts from that source. You could use, but are not required to use, charts\/graphs retrieved from the Federal Reserve Bank of St. Louis FRED web site as long as the data sources used by FRED to create those charts are government sources such as the Bureau of Economic Analysis or the Bureau of Labor Statistics.\tCite a minimum of three scholarly, peer-reviewed references.\tFormat your paper consistent with APA guidelines.<\/p>\n","protected":false},"excerpt":{"rendered":"
The theory of market economies emphasizes freedom of choice and limited government intervention. The classic argument for government intervention is market failure – the inability of the market economy to correct itself from a dysfunctional state (such as the Great Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-210835","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=210835"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210835\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=210835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=210835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=210835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}