10 slide microsoft powerpoint - Economics

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timer Asked: Mar 21st, 2017
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Question description

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.


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.


Tutor Answer

EngStephan
School: UT Austin

I have successfully completed your assignment, should you need any clarifications or addition let me know. Regards

Intervention Programs
undertaken by the U.S.
government.
THE BAILOUT OF U.S. AUTO MAKERS DURING THE
GREAT RECESSION

The Bailout of U.S. auto makers during the great recession
History and Intervention
• Second half of the year 2008 a worldwide scale recession affected the
economy of the United States.

• Decline in sales and a lack of credit sent two out of the three (General
Motors and Chrysler, the other one is Ford) biggest automakers into crisis
with the risk of bankruptcy.
• They called on the government’s assistance by providing them with
emergency loans to deal with the anticipated cash shortage.
• The government through the Bush and later Obama administrations
provided sponsored bailouts to the two auto makers (Blinder & Zandi,
2010).

THE BAILOUT OF U.S.
AUTO MAKERS
DURING THE GREAT
RECESSION
TITLE AND CONTENT
LAYOUT WITH CHART
A chart showing the period before
recession with great sales, the slump
in car sales around the period of
recession and the long road to
recovery.

THE BAILOUT OF U.S.
AUTO MAKERS
DURING THE GREAT
RECESSION
Table showing General Motor’s
timeline leading to the depression
and bailing out by the federal
government.

The Bailout of U.S. auto makers during the great recession
Arguments for government intervention

• In order to prevent the impending massive job losses.
• To prevent...

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