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Lesson 5: Character Values and Capitalism
…In his own words: Critics of competitive markets often contrast the competition that is essential to such markets with non-competitive cooperation. They believe that competition goes along with such characteristics…
Activity 3: Transaction Costs and Currency – 1808 Road Trip
…the somewhat rare support of both Hamilton and Jefferson) did indeed solve some of the old colonial and revolutionary period problems associated with the lack of a common currency. Commodities,…
Activity 4: The Oklahoma Land Rush – Property Rights on the American Frontier
…property tends to be maintained and improved because owners typically want to maximize its utility or profitability; Commonly owned property tends to experience the “tragedy of the commons, diminishing in…
Activity 2: Indentured Servitude – A Colonial Market for Labor
…little skill that there were many people who could fill it.) Who were you competing with in the simulation? (Students’ first reaction may be that they were competing with the…
Activity 5: A Question of Trust
…talking business among themselves.) After the “social gathering” (about 3-5 minutes), direct representatives to return to their companies. Stop all communication between companies. (Teacher note: The reason for stopping communication…
Activity 6: Show Me the Money! A Fractional Reserve Banking Simulation
Lesson Overview Download Activity and Handouts (doc file) Fractional Reserve Banking is a fundamental part of all modern economies. First introduced in Europe in the 16th Century, bankers ever since…
Activity 7: The Great Depression – A Family’s Choices
Lesson Overview: Download Activity and Handouts (doc file) Virtual Lesson Instructions and Resources In this simulation, students play the role of families in a small town, trying to deal with…
Activity 8: Women and Work in American History – The Opportunity Cost of Staying Home
Lesson Overview: Download Activity and Handouts (doc file) Of the many profound changes in American society during the 20th century, those in the roles of women have had far-reaching effects…
Introduction to Economics, Water Use and the Environment
download EWE Introduction (.doc file) Overview Economics, Water Use, and the Environment is comprised of seven lessons designed to help students examine water use and conservation as an economic issue…
Lesson 2: Waste Is In the Eye of the Beholder
Activities: Diamonds & Water – A Question of Value Download Activity 2: Teacher Guide, Handouts, Visuals (.doc file) Time Required: 2-3 class periods Materials: Jump ropes, hula hoops, or other…