When should the government step in for the greater public good? Watch a video that details what happens when market externalities need some help sorting themselves out, and whether those regulatory steps are beneficial or not.

Concepts

market economies, the free market, taxes, externalities, the environmental protection agency, government regulation, incentives

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Additional Tags

social studies

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Instructional Ideas

• Implement the extra credit question described in the beginning of the video, and have class members analyze the results
• Encourage learners to choose one of the topics outlined in the video to conduct further research on for a persuasive or informative essay

Classroom Considerations

• Video opens with an ad that you can skip
• Part 21 of a 35-video series

• This video is hosted on YouTube

Pros

• Emphasizes the benefit of an education in the larger economy, which is a good message for students
• Uses real-world examples to illustrate the Tragedy of the Commons, including smoking and climate change

Cons

• None

Common Core

RH.9-10.2 RH.9-10.4 RH.11-12.2 RH.11-12.4