The document provides instructions for an assignment examining a US government intervention program. Students are asked to analyze the bailout of the US auto industry during the Great Recession in a 10-slide PowerPoint presentation. They should describe the intervention and arguments for/against it, examine its effects and costs over time, and make a recommendation to continue, discontinue, or modify the program. Sources from the library and government data are to be cited per APA style.

1. ECO 561 Week 2 Assignment Government
Interventions (Bailout of U.S. Auto Makers) NEW
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ECO 561 Week 2 Assignment Government
Interventions (Bailout of U.S. auto makers) NEW

2. The theory of market economies emphasizes
freedom of choice and limited government
intervention. The classic argument for government
intervention is market failure - the inability of the
market economy to correct itself from a
dysfunctional state (such as the Great Depression).
Students will examine articles from the University
library to analyze real-world examples of U.S.
government intervention programs and apply
current week readings to make intelligent
conclusions about the economic policies. om
Examples of intervention programs you may
select, but are not limited to:

3. US agriculture support programs
• Low income support programs (Food Stamps,
Earned Income Tax Credit, Child Tax Credit,
and Temporary Assistance to Needy Families)
• Medicaid, Children's Health Insurance
Program, The Affordable Care Act (Obamacare)
• Low-income rent controls and housing vouchers
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• Government promotion of renewable energy
sources to discourage use of fossil fuels such
as
coal and oil
• Unemployment Insurance
• Bailout of U.S. banks and other
financial institutions during the Great
Recession

4. Bailout of U.S. auto makers during the Great
Recession
• Social Security retirement benefits
Develop a minimum 10-slide Microsoft®
PowerPoint® presentation including detailed
speaker notes or voiceover including the
following:
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m
• Describe the intervention and detail its
history.• Analyze the arguments for government
intervention as opposed to arguments for
market-based solutions. Hint: See the information
in our course textbook on market failures. •
• Examine who may be helped and who
may be hurt by the selected government
intervention.

5. Examine externalities and/or
unintended consequences of such
intervention.
• Determine the cost trend of the intervention
program since its implementation including
whether costs are increasing, decreasing, or vary
with the state of the economy.
htt- • i Evaluate the success or failure of
the
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intervention in achieving its objectives and
develop conclusions.
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• Recommend whether the program should
be continued as is, discontinued, or modified
and defend your recommendation.
Note: The use of tables and/or charts to display
economic data over the time period discussed
is highly encouraged. However, if your source

6. includes the copyright symbol, which looks like
this: ©, then you should not copy any table and/or
charts from that source. You could use, but are not
required to use, charts/graphs retrieved from the
Federal Reserve Bank of St. Louis FRED web site
as long as the data sources used by FRED to create
those charts are government sources such as the
Bureau of Economic Analysis or the Bureau of
Labor Statistics.
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Cite a minimum of three scholarly, peer-
reviewed references. Format your paper
consistent with
APA guidelines.
Click the Assignment Files tab to submit your
assignment. SupportingMaterial:Government
Intervention Grading Guide

7. includes the copyright symbol, which looks like
this: ©, then you should not copy any table and/or
charts from that source. You could use, but are not
required to use, charts/graphs retrieved from the
Federal Reserve Bank of St. Louis FRED web site
as long as the data sources used by FRED to create
those charts are government sources such as the
Bureau of Economic Analysis or the Bureau of
Labor Statistics.
+ n• /AA/A/A/ orn^fil accionmont
rnrr|
Cite a minimum of three scholarly, peer-
reviewed references. Format your paper
consistent with
APA guidelines.
Click the Assignment Files tab to submit your
assignment. SupportingMaterial:Government
Intervention Grading Guide