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Lesson 5: Trade and the Environment
Download Lesson 5 Guide Economic Concepts Commons or common property Opportunity cost Incentives Property rights Content Standards Standard 1: Students will understand that: Productive resources are limited. Therefore, people cannot…
Lesson 7: International Monetary Exchange
…invest, and compare the value of goods and services. As a unit of account, money is used to compare the market value of different goods and services. Money encourages specialization…
Lesson 1 Activity: What is Poverty? A KWL Exercise
What is Poverty? – A KWL Exercise KWL Activity download .doc file Video Demonstration Lesson Overview KWL is a familiar and productive method of engaging student interest in a new…
The Fish Game
…when the fish are owned in common, and then, when fish are owned privately. They experience first-hand a tragedy of the commons and examine the incentives at play with different…
The Economic Perspective
Economic Concepts Environmental Context Economics in the study of human behavior Studying Environmental Issues Activity Download “Introduction,” pp. i-viii of EcoDetectives (Adobe .PDF file) National Content Standards Addressed in The…
Lesson 1 – Defining Terms: Poverty and Capitalism, Part 2
…in “comparative systems” were found in many universities, and high school textbooks routinely had chapters bearing that title. The content typically consisted of comparing and contrasting capitalism, communism, socialism, and,…
Conclusion and Caveats
…complement of these institutions working in concert should not blind us to the strengths and weaknesses of each when implemented individually or in various combinations. For example, we have argued…
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…