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Explain public goods and their characteristics. 4.2 Summarize Arrow’s impossibility theorem and how it can be used in the political process.

Course Learning Outcomes for Unit II Upon completion of this unit, students should be able to:

4. Identify political factors that influence and determine financial management practice in the public arena.

4.1 Explain public goods and their characteristics. 4.2 Summarize Arrow’s impossibility theorem and how it can be used in the political process. Course/Unit Learning Outcomes Learning Activity

4.1  Unit Lesson Chapter 4 Video Segment: “Public Goods and Responsibilities: How Far Should We Go? Video Segment: “Public Goods in a Private Market Economy” Unit II Essay

4.2 Unit Lesson Chapter 5 Video Segment: “Government Intervention in Free Market” Unit II Essay
Required Unit Resources Chapter 4: Public Goods Chapter 5: Public Choice and the Political Process In order to access the following resources, click the links below.

Watch the following segments from the full video referenced below: “Public Goods and Responsibilities: How Far Should We Go” (Segment 1 of 13), “Government Intervention in Free Market” (Segment 2 of 13), and “Public Goods in a Private Market Economy” (Segment 4 of 13). Annenberg Learner (Producer). (2012). Public goods and responsibilities—Economics U$A 21st century edition [Video]. Films on Demand.

https://libraryresources.columbiasouthern.edu/login?auth=CAS&url=https://fod.infobase.com/PortalPl aylists.aspx?wID=273866&xtid=113433 The transcript for this video can be found by clicking the “Transcript” tab to the right of the video in the Films on Demand database.
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