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Lesson 3: Yours, Mine, Ours: The Rules of Ownership
…held by the group rather than privately. The incentives created by common property lead to what has become known as the tragedy of the commons, the phenomenon in which even…
Lesson 3: Yours, Mine, Ours: The Rules of Ownership
Activity: The Rules of Ownership Download Activity 3: Teacher Guide, Handouts, Visuals (.doc file) Time Required: 3-4 class periods Materials: Laminated pictures or clip art of objects—i.e., a ski-lift ticket…
Lesson 4: Water Law – The ‘Rules of the Game’ Matter
…win-win outcomes in disputes among competing users of water. The success of experiments in water marketing, for example, has reconfirmed what the history of water conflict in the U.S. taught…
Lesson 4: Fishermen and Farmers
Activity: Fishermen and Farmers – Conflict and Water Law Download Activity 4B: Teacher Guide, Handouts, Visuals (.doc file) Concepts: Incentives Property rights Voluntary Exchange Content Standards: Standard 4: People respond…
Lesson 6: Would You Swim There?
download EWE Lesson 6(.doc file) Concepts: Marginal analysis Content Standards: Standard 2: Effective decision making requires comparing the additional costs of alternatives with the additional benefits. Most choices involve doing…
Lesson 7 – The Future of Water – Crisis or Cooperation?
download EWE Lesson7 (.doc) file Concepts: Scarcity, choices and opportunity cost Price and other incentives Cooperation through markets Property rights Institutions shape incentives Content Standards: Standard 4: People respond predictably…
The Job Jungle: A Labor Market Game*
…then subtract any education costs, to compute total income. Employers add profits generated in all rounds to compute total profits. Announce rewards for the winners once again. 5. Explain the…
Lesson 4: Water Law – The ‘Rules of the Game’ Matter
Activity: The Impact of Water Law on People’s Choices Download Activity 4a: Teacher Guide, Handouts, Visuals (.doc file) Concepts: Incentives Property rights Institutions Content Standards: Standard 4: People respond predictably…
Lesson 5: The Tragedy of the Commons
Activity: M&Ms and Lemonade Download Activity 5 Teacher Guide, Handouts, Visuals (.doc file) Concepts: Incentives Property rights Tragedy of the commons Content Standards: Standard 10: Institutions evolve in market economies…
Hot Topic Lesson: The US Airline Industry…Fight or Flight!?
…question is difficult to understand. After all, one of the hallmark pillars of a market economy is business competition. That is, businesses should be able to freely compete with one…