Common Sense Economics 2015-2016

Concepts and Topics: The unintended consequences of transfers and subsidies; Transfers, incentives, and the "welfare" of recipients; and Central planning, politics and resource allocation

Using the corresponding slides (41-57) in the PowerPoint for Part III: Economic Progress and the Role of Government (PPTX (Links to an external site.) or  PDF (Links to an external site.)), take notes while you read, write, listen, and do. Begin by watching the introductory video Common Sense Economics Slice of Life 10 (Links to an external site.) (5:15).