Introduction Part 3 Government, Capitalism and Our Mixed Economy
Review chapter 6) Government's Economic Functions
1. Provide a legal atmosphere for capitalism
2. Insure competition (Chapter 32)
3.. Provide for an equitable distribution of
income (Chapter 33)4. Adjust for market failures (Chapters 30 and 31)
5. Affecting total economic activity (macroeconomics)
Chapter 30 Analyzing Public Sector Economic Activity
1. Demand for public goods
B2 Accounting for externalities
3. Democracy and economic efficiency
4. An attempt to apply cost-benefit analysis to government regulation
Chapter 31 The Economics of Government Subsidies
1. The economics of government subsidies
2. Subsidizing agriculture
Chapter 32 Antitrust and Other Government Regulation
1. Understanding monopoly power
2. Antitrust laws
3. Antitrust prosecutions
4. The changing role of government regulation
Chapter 33 Distributing Income
A1. Income statistics
2. Analyzing the distribution of income
3. Causes of income inequality
4. Understanding poverty
5. Effectiveness of government poverty programs