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Lesson 5: Are Disasters “A Disaster” for Lesson Planning?
…Incentives Competition: “market-like” atmosphere Specialization and comparative advantage What competition does this non-profit face? Is there evidence that the non-profit is aware that it faces competition? Is there evidence that…
Reading #2
…two years. “The initiative has the potential to increase rural gross domestic product by 8 to 12 percent,” said Das. . . . (To read the complete article, see: http://www.wired.com/news/wireless/0,1382,56663,00.html)…
Reading #3
…. . (To read the complete article, see http://www.wired.com/news/wireless/0,1382,57010,00.html) The owners of cell phone companies in Africa are not inventors, but they are entrepreneurs taking the risk of bringing an…
FTE MobLab Activities
…your virtual classroom! Set up your MobLab teacher account at www.moblab.com and contact Nathanael at MobLab to learn how to get your high school classroom set up with MobLab and…
Lesson 2: Waste Is in the Eye of the Beholder
download EWE Lesson 2 (.doc file) Concepts Choices Supply Incentives Prices Scarcity Content Standards: Standard 4: People respond predictably to positive and negative incentives. Standard 8: Prices send signals and…
Lesson 1: The Basics Still Apply: Domestic or International, A Market Is a Market
Download IIT Lesson 1 Guide. Concepts scarcity incentives specialization rational choice voluntary exchange comparative advantage opportunity cost Content Standards Standard 1: Productive resources are limited. Therefore, people cannot have all…
Lesson 1 Activity: The Magic of Markets
…more additional trading rounds, combining groups, etc. with the last round involving all class members. In each successive round, increase the size of the trading area by combining groups. (For…
Lesson 4 Activity: It’s Not Rocket Science
Download It’s Not Rocket Science .doc file – includes all 3 classroom exercises Concepts incentives profit invention competition property rights innovation Content Standards This activity addresses parts of the following…
Lesson 3: Open Markets
…of markets. 3. Competition regulates market activity with profits acting as a motivator for sellers. Sellers compete with other sellers for profits and buyers compete with other buyers for goods…
Lesson 4: Markets in Action
…in the market. Changes in supply or demand cause relative prices to change; in turn, buyers and sellers adjust their purchase and sales decisions. Standard 9: Role of Competition Competition…