HONORS ECONOMICS WEEK 13
11/16 - 11/20 |
|
CLASS |
Monday 11/16
Schedule |
Tuesday 11/17
Schedule |
Wednesday 11/18
Schedule |
Thursday 11/19
Schedule |
Friday 11/20
Schedule |
| H |
Lesson 1 |
Lesson 2 |
X |
Lesson 3 |
Lesson 4 |
|
UNIT 4
CONCEPTS AND VOCABULARY
|
Karl marx
Labor theory of value
subsistence
alienation
exploitation
surplus value
market failure
inequity
monopoly
BUSINESS CYCLES
externalities
public good
free
rider
asymetric information
socially optimal equilibrium |
John kenneth galbraith
liberal
protective function
distributive function
corrective function
productive function
PROGRESSIVE TAX
REGRESSIVE TAX
PROPORTIONAL TAX
FLAT TAX |
MILTON FRIEDMAN
PUBLIC CHOICE theory
CONSERVATIVE
RATIONAL IGNORANCE
SHORTSIGHTEDNESS
DEADWEIGHT LOSS
SPECIAL INTEREST EFFECT
LOBBYING
RENT-SEEKING
LOG ROLLING
PORK BARREL
BUREAUCRATIC CAPTURE |
|
| LESSON |
IN CLASS |
HOMEWORK |
|
Lesson 1 |
- The Mixed Economic System
- Protective Function
- Distributive Function
- Corrective Function
- Productive Function
-
John Kenneth Galbraith
|
Read: the online synopsis of
Economics U$A
#4 |
|
Lesson 2 |
|
Homework: Read The articles on
Milton Friedman
and
Reagan's
First Inaugural Address. |
|
Lesson 3 |
- The Mixed Economic System
|
Read Textbook, Chapter
6, pp. 124-132 |
|
Lesson 4 |
- Public Choice Theory
- Rational Ignorance
- Special Interest Effect
- Rent- Seeking
- Short Sightedness
- Log Rolling
- Ear Marking
- Crowding Out
- Bureaucratic Capture
|
Homework: Read
Textbook, Chapter 6, pp. 133-141 |
