Activity: The Magic of Markets – Trade Creates Wealth
Overview: Trade is the voluntary exchange of goods and services. People engaging in trade must be willing to bear a…
In the Chips — A Market in Computer Chips
Introduction: Understanding how markets work and the role of prices within markets is an important key to being able to…
Lesson 10: International Markets
Introduction In this lesson students apply the model of supply and demand to international markets for goods and services and…
Lesson 8: Setting the Rules – Costs and Benefits of Government Action
Introduction This lesson gives students the opportunity to apply the economic way of thinking to the political arena. After exploring…
Lesson 7: Property Rights – Is the Environment Different?
Introduction In this lesson students apply the tools of economic analysis to environmental problems. Through the analysis of historical and…
Lesson 6: Incentives, Innovations, and Roles of Institutions
Introduction This lesson uses examples, video clips and a risk-reward mini activity to teach the relationship between innovation and economic…
Lesson 5: Labor Markets
Introduction The focus of this lesson is on the choices made by buyers and sellers of labor services, and the…
Lesson 4: Markets in Action
Introduction This lesson has two goals: The first is to expand students’ understanding of markets by discussing government-imposed frictions that…
Lesson 3: Open Markets
Introduction In this lesson students reflect on their experience in the “In the Chips” activity and connect it to their…
Lesson 2: Opportunity Cost and Incentives
Introduction This lesson uses examples, videos and three mini-activities to teach about opportunity cost and incentives. Download lesson guide above…
Lesson 1: Economic Growth and Scarcity
Introduction In this lesson students are introduced to the concept of economic growth through the story of human progress and…
Lesson 1 Part 2 Activity: Will the Real Capitalism Please Stand Up?
Lesson Overview The traditional, “comparative systems” approach to categorizing national economies proves less than useful in a world of mixed…
Is Capitalism Good for the Poor?
The lesson plans and student activities in Is Capitalism Good for the Poor? (CAP) have been carefully designed and written by…
Lesson 5 Activity: The Ultimatum Game
Activity Demonstration Video Concepts self-interest markets Content Standards This activity addresses parts of the following content standards in economics. Note…
Lesson 5: Character Values and Capitalism
Concepts incentives rule of law standard of living property rights economic growth National Voluntary Content Standards in Economics The background…
Lesson 4 Activity: It’s Not Rocket Science
Concepts incentives profit invention competition property rights innovation Content Standards This activity addresses parts of the following content standards in…
Lesson 4: How Incentives Affect Innovation
Concepts incentives profit competition entrepreneurship economic growth innovation National Voluntary Content Standards in Economics The background materials and student activities…
Lesson 3 Activity: The More, the Merrier
Activity Demonstration Video: Introduction The friendly invitation, “the more, the merrier,” may not have originated to describe market competition, but…