For this unit (and the last 2 units), we’re going to do something a little different. You still have reading assigned from the textbook (see below). But, instead of an extended “Jim’s Guide” comments here from me, I’m going to provide some links to posts I’ve made on my public economics blog, econproph.com, that deal with the topic of fairness and income distribution. You need to read the following links:
Reading Guide – Assigned Readings
In addition to the Jim’s Guide (above), you should read and study in your Mandel Economics: The Basics textbook:
Chapter 17 – The Distribution of Income
Jim’s Comment: Read the entire chapter. In this chapter, spend some time with the graphs. You won’t be asked on a quiz or test to quote statistics from the graphs, but these graphs are important. They say something about our society. It’s worth spending some time studying them and seeing what they say.
Click here for the Unit 13 practice quiz. The practice quiz will open in a new tab/window.
No worksheet for this unit.
In the next unit we take a look at the environment through what an analysis of what economists call externalities.