Material Detail

This activity will usually be helpful for the last part of "Introduction to Microeconomics" course, while teaching and discussing situations of government interventions, tax scheme for the country, Lorenz curve and Gini coefficient, and the justification for government intervention. The discussion could be helpful for students in all levels- undergraduate or graduate students who are either introduced to the principles of economics for the first time, or taking economics courses towards policy jobs in the future. and could be really helpful to show how the economic theory is highly related to real life problems and situations. This discussion provides a review of how to build the Lorenz curve, but moreover- provide a deep discussion about social value, what are the possible political and social consequences of inequality in the economy and should policy makers take steps to change it.

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