Missing Markets and Missing Prices

Lesson Overview

In this activity, production ministers must allocate resources to the production of 2 products and set prices for the sale of the products in state stores. They discover how difficult it is to satisfy consumers’ wants and needs without the information provided by market pracies.

Video Demonstration

Economic Demise of the Soviet Union
Trade Wars: Economics Awakens

Trade Wars – Economics Awakens (repost)

FTE is re-posting this article written during Trump 1.0. Much of what Professor Malek had to say about tariffs back…

FTE Honors Professor Robert Lawson

I was privileged to introduce this year’s winner of the Gary M. Walton Award for Excellence in Economic Education for…

The Economics of Love, Trade, and Opportunity Cost

Professor Jamie Wagner discusses the economics of love, trade, and opportunity cost. She is a Professor and Teaching Fellow with…