
Income Inequality and Poverty
Investigating the causes and consequences of income inequality and poverty, and measures to address them.
About This Topic
Investigating the causes and consequences of income inequality and poverty, and measures to address them.
Key Questions
- Analyze the various causes of income inequality in an economy.
- Evaluate the social and economic consequences of high income inequality.
- Compare different government policies aimed at income redistribution.
Active Learning Ideas
See all activities→Activities & Teaching Strategies
See all activities
More in Market Failure and Efficiency
When Markets Don't Work Perfectly
Introducing the idea that sometimes free markets don't lead to the best outcomes for society, and why.
8 methodologies
Negative Side Effects of Production/Consumption
Exploring how some economic activities create costs for third parties (e.g., pollution from factories, noise from construction) and how these are addressed.
8 methodologies
Positive Side Effects of Production/Consumption
Exploring how some economic activities create benefits for third parties (e.g., vaccinations, education) and how these can be encouraged.
8 methodologies
Goods for Everyone: Public Goods
Understanding goods that everyone can use without preventing others, and why the government often provides them (e.g., street lights, national defense).
8 methodologies
The Problem of Unequal Information
Discussing situations where one party in a transaction has more or better information than the other, leading to potential problems.
8 methodologies
Goods We Under-consume and Over-consume
Exploring goods that society generally wants more of (merit goods like education) or less of (demerit goods like cigarettes) due to imperfect information or societal values.
8 methodologies