Submitted By:Michael Ryan Moore, University of Pennsylvania, GSE
Date:November 6, 2011
Grade Level(s):9, 10, 11, 12
In this lesson, we will look at government intervention into the marketplace. Building on previous lessons (i.e. public goods, externalities, monopolies), students will think about the rationale for government intervention. Using the article “Driver Alert: Car Insurance Will Cost You,” students will use car insurance as a case study for government regulation. Finally, students will look quantitatively at the impacts of one particular regulation, a price ceiling, on both supply and demand.