MODULE 10: CSE PART 3, ELEMENTS 3.6-3.8

Module Description

Concepts and Topics: Political incentives and short-sightedness; Transfers, incentives, and the “welfare” of recipients; The unintended consequences of transfers and subsidies; and Central planning, politics, and resource allocation

Using the corresponding slides 44-65 in Part 3: Economic Progress and the Role of Government PPTX or PDF, take notes while you:

Read

Read about Elements 3.6, 3.7, and 3.8; (p. 132-149 in the 3^rd edition of your Common Sense Economics textbook).

Common Sense Economics can be purchased in print and digital forms from a variety of retailers.

More details about course curriculum (including assignments, quizzes, and a free ebook) can be found at Certell. Other valuable resources can be found at commonsenseeconomics.com

WATCH

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Watch 3 content presentations:

Element 6

Element 7

Element 8

Watch 7 videos: (i) CSE Slice of Life 10 (5:15); (ii) CSE 3.6 Stossel Micro 08- Politics economics and farm subsidies (5:18); (iii) CSE 3.7 Learn Liberty- Rent seeking (3:42); (iv) CSE 3.7 Learn Liberty- Subsidize Silly Walks (2:41); (v) CSE 3.8 Sanders- 4 ways to spend money (2:52); (vi) CSE 3.8 Stossel 2010- Rinkonomics- Spontaneous order (4:01); and (vii) CSE 3.8 Free or Equal- Income Equality (6:00).

LISTEN

Listen to and/or read these 2 items: (i) CSE 3.7 Energy Production versus Conservation by Dwight Lee (Audio, 8:45); and (ii) CSE 3.8 Social Cooperation and the Marketplace by Dwight Lee (Audio, 8:44).