Lesson 3: Beneficiaries of Competition
Concepts market entrepreneurship competition incentives property rights human capital National Voluntary Content Standards in Economics The background materials and student…
Lesson 2 Activity: You’re the Economist
Activity Demonstration Video Concepts institutions capital economic growth property rights investment opportunity cost National Voluntary Content Standards in Economics This…
Lesson 2: Property Rights and the Rule of Law
Concepts: institutions property rights rule of law incentives capital asset collateral National Voluntary Content Standards in Economics The background materials…
Lesson 1 Part 2: Capitalism – Institutional Building Blocks
Concepts market entrepreneurship rule of law incentives property rights limited government National Voluntary Content Standards in Economics The background materials…
Lesson 1 Activity: What is Poverty and Who are the Poor? A WebQuest
Overview A guided web search, or “webquest,” introduces students to a variety of easily accessible data about poverty. The search…
Lesson 1 Activity: What is Poverty? A KWL Exercise
Video Demonstration Lesson Overview KWL is a familiar and productive method of engaging student interest in a new topic of…
Activity: The Activity That Fails
Overview: This brief classroom activity can be used to informally assess students’ ability to apply the principles of economic reasoning…
Activity: Site Selection – A Land Use Simulation
Economic Concepts Environmental Context Opportunity Cost Using resources in one way requires giving up alternative uses Trade-off Choice Scarcity Cost/Benefit…
Lesson 7 Activity: The Pearl River – Water In or Water Out?
Concepts: Scarcity, choices and opportunity cost Cooperation through markets Property rights Institutions shape incentives Content Standards: Standard 4: People respond…
Lesson 7: The Future of Water – Crisis or Cooperation?
Concepts: Scarcity, choices and opportunity cost Price and other incentives Cooperation through markets Property rights Institutions shape incentives Content Standards:…
Lesson 6 Activity: Marginal Analysis – Would You Swim There?
In the “Would You Swim There?” simulation, students play the roles of community members wrestling with the problem of cleaning…
Lesson 6: Would You Swim There?
Concepts: Marginal analysis Content Standards: Standard 2: Effective decision making requires comparing the additional costs of alternatives with the additional…
Lesson 5 Activity: M&Ms and Lemonade
Concepts: Incentives Property rights Tragedy of the commons Content Standards: Standard 10: Institutions evolve in market economies to help individuals…
Lesson 5: The Tragedy of the Commons
Concepts: Incentives Property rights Tragedy of the commons Content Standards: Standard 10: Institutions evolve in market economies to help individuals…
Lesson 4 Activity: Fishermen and Farmers – Conflict and Water Law
Concepts: Incentives Property rights Voluntary Exchange Content Standards: Standard 4: People respond predictably to positive and negative incentives. Standard 5:…
Lesson 4 Activity: The Impact of Water Law on People’s Choices
Concepts: Incentives Property rights Institutions Content Standards: Standard 4: People respond predictably to positive and negative incentives. Standard 10: Institutions…
Lesson 4: Water Law – The ‘Rules of the Game’ Matter
Concepts: Incentives Institutions Property rights Voluntary Exchange Content Standards: Standard 4: People respond predictably to positive and negative incentives. Standard…
Lesson 3 Activity: The Rules of Ownership
Time Required: 3-4 class periods Materials: Laminated pictures or clip art of objects—i.e., a ski-lift ticket or water park wrist-band,…