Common Sense Economics 2015-2016

Concepts and Topics: Protective and productive roles of government; Market failure; Political versus the market process; and The opportunity cost of government

Readpages 95-106 (Sections 3.1, 3.2, and 3.3) in your Common Sense Economics (2010) textbook and "The Economics of Market Failure (Links to an external site.)” by James Gwartney and Tawni Hunt Ferrarini, and take notes on key concepts and topics.