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Lesson 1: When Is a Basketball a Substitute for Water?
…and then complete the “New Water Policies” handout. Review the completed handout, by letting students share their answers. Explain to the class that incentives are rewards or punishments for behavior….
Economics for Leaders
…and teacher guide. See link below for presentations slides. The Magic of Markets: Trade Creates Wealth* In the Chips — A Market in Computer Chips* Cartels and Competition* The Market…
Lesson 1 Activity: Tag Check
Activity: Tag Check Download Tag Check guide Virtual Lesson Slides Concepts: opportunity cost interdependence incentive (price) specialization comparative advantage Content Standards: Standard 1: Productive resources are limited. Therefore, people cannot…
Lesson 2 Activity: The Euro
Activity: The Euro – Currency Exchange and Transaction Costs Download Euro Activity: Teacher Guide, Handouts, Visuals (.doc file) Lesson Overview: Students are given one of three types of currency and…
Lesson 6: The Balance of Payments Always Balances
…download file attached above.) The U.S. Balance of Payments with all trading partners: (See Visual #2 in download file attached above.) The realities of international trade mean that the balance…
Lesson 7 Activity: Foreign Currencies and Foreign Exchange
Download Foreign Currency Activity: Teacher Guide, Handouts, Visuals (.doc file) Overview Many international exchanges of goods and services are facilitated by the exchange of the currencies of the trading countries….
Lesson 2 Activity: You’re the Economist
Download Activity 2 Guide (.doc) including procedures, handouts, visuals, and teacher guide. Activity Demonstration Video Concepts institutions capital economic growth property rights investment opportunity cost National Voluntary Content Standards in…
Lesson 5 Activity: The Ultimatum Game
…proposal? (Again remind students that they need not compromise their anonymity. Allow several responders to explain their thinking. Point out any common threads. For example, it is common to hear…
Lesson 2: Opportunity Cost and Incentives
Download EFL Lesson 2 Guide EFL Lesson 2 Slides Introduction This lesson uses examples, videos and three mini-activities to teach about opportunity cost and incentives. Download lesson guide above for…
Foreign Currency and Foreign Exchange
Download Foreign Currency Activity: Teacher Guide, Handouts, Visuals (.doc file) Virtual Lesson Instructions & Slides Overview Many international exchanges of goods and services are facilitated by the exchange of the…