Purpose of Assignment

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..

Assignment Steps

Resources: Tutorial help on Excel^® and Word functions can be found on the Microsoft^®Office website. There are also additional tutorials via the web offering support for Office products.

Using
the University Library, EBSCOhost, or ProQuest data bases, locate up to
three different articles/publications and/or use The Economist Online
from the University Library to examine one case of significant
government intervention as it relates to your current industry of
employment or an industry in which you are interested in working. You
may access EBSCOhost, ProQuest or The Economist Online through the
University Library homepage:

1. Click on the Library tab.
2. Click on the underlined University Library link.
3. Click on General Resources under Library Resources.
4. Click on either EBSCOhost or ProQuest.
5. Go back Library Resources list.
6. Click on View All Resources Alphabetically.
7. Click on Economist.com.

Examples of intervention programs you may select, but are not limited to:

• US agriculture support programs
• Low
  income support programs (Food Stamps, Earned Income Tax Credit, Child
  Tax Credit, and Temporary Assistance to Needy Families)
• Medicaid, Children’s Health Insurance Program, The Affordable Care Act (Obamacare)
• Low-income rent controls and housing vouchers
• Government promotion of renewable energy sources to discourage use of fossil fuels such as coal and oil
• Unemployment Insurance
• Bailout of U.S. banks and other financial institutions during the Great Recession
• Bailout of U.S. auto makers during the Great Recession
• Social Security retirement benefits

Develop a minimum 10-slide Microsoft^® PowerPoint^® presentation including detailed speaker notes or voiceover including the following:

• Describe the intervention and detail its history.
• Analyze the arguments for government intervention as opposed to arguments for market-based solutions. Hint: See the information in our course textbook on market failures.
• Examine who may be helped and who may be hurt by the selected government intervention.
• Examine externalities and/or unintended consequences of such intervention.
• Determine
  the cost trend of the intervention program since its implementation
  including whether costs are increasing, decreasing, or vary with the
  state of the economy.
• Evaluate the success or failure of the intervention in achieving its objectives and develop conclusions.
• Recommend whether the program should be continued as is, discontinued, or modified and defend your recommendation.

Note:
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: ©, 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.

Cite a minimum of three scholarly, peer-reviewed references.

Format your paper consistent with APA guidelines.