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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…
Economic Reasoning Propositions
…is determined by the knowledge and evidence on which it is based. Statements of opinion should initiate the quest for economic understanding, not end it. Download 5 Economic Reasoning Propositions…
Hot Topic: Trade Wars – Economics Awakens
…Balance of Trade Public Choice Theory MATERIALS: Download Trade Wars – Economics Awakens classroom materials. Essay (Student Reading) Student Handout Teacher Guide RELATED CLASSROOM ACTIVITIES Magic of Markets Tic-Tac-Toe Tariff…