Instruction
Prior to beginning work on this assignment,
● Read Chapters 5 and 6 of Macroeconomics: Private and Public Choice.
● Read Chapter 3 of Popular Economics, What the Rolling Stones, Downton
Abbey, and LeBron James can Teach you About Economics.
● Listen to Steve Forbes’ insights on this topic by viewing the video Can the
Government Run the Economy?
● https://www.prageru.com/video/can-the-government-run-the-economy/
● Research and review credible sources to gain an understanding of the pros
and cons of government intervention.
The role of government in the economy is often debated by economists and business
people. The debate ranges from having little to no government intervention to having a
strong government presence in both business and social settings.
Thinking through the pros and cons of government intervention, research and identify
two government agencies, departments, or regulations where the government is heavily
involved in the economy that you agree is helpful and necessary. Then, research and
identify two government agencies, departments, or regulations where the government is
involved in the economy that you disagree with and believe the free market would be
better. Be specific in your selected government agencies, departments, or regulations. It
may be possible to use the same government agency, department, or regulation for
both sides. For example, the Environmental Protection Agency (EPA) may have
regulations or interventions that you both agree and disagree with. Since EPA is used
here as an example, do not use it in your assignment.
For each selected example (four total),
● Assess the government intervention providing both the pros and cons.
● Discuss whether you agree with the government intervention providing facts
and support for your opinion.
● Thoroughly explain and support your rationale.
● Critique the influence of the political process (for example, lobbying) on each
of your examples.
The Role of Government and the Impact of Politics paper
● Must be three to four double-spaced pages in length (not including title and
references pages) and formatted according to APA style
● Must include a separate title page with the following:
○ Title of paper
○ Student’s name
○ Course name and number
○ Instructor’s name
○ Date submitted
● For further assistance with the formatting and the title page, refer to APA
Formatting for Word 2013.
● Must utilize academic voice. See the Academic Voice
● Must include an introduction and conclusion paragraph. Your introduction
paragraph needs to end with a clear thesis statement that indicates the
purpose of your paper.
● Must use at least two credible sources in addition to the course text.
○ The Scholarly, Peer-Reviewed, and Other Credible Sources
○ Must document any information used from sources in APA style
● Avoid over-dependence on direct quotes. Direct quotes are a great way to
strengthen our assertions and provide support. However, be sure to avoid
using excessive direct quotes in lieu of original thought. Direct quotes will not
meet the requirement for analysis, application, and critical thinking. Please
ensure to not overuse direct quotes so that you can avoid losing points for
this.
● Must include a separate references page that is formatted according to APA
style