Lesson 4: Innovation, Education, and Information
KEY FORCES IN AMERICAN HISTORY 1. A key to understanding people’s behavior is figuring out the incentives they face. 2. …
Lesson 3: The Constitution as an Economic Document
KEY FORCES IN AMERICAN HISTORY 1. A key to understanding people’s behavior is figuring out the incentives they face.…
Lesson 2: Births, Deaths, and Economic Growth
KEY FORCES IN AMERICAN HISTORY 1. A key to understanding people’s behavior is figuring out the incentives they face. ECONOMIC…
Lesson 1: The Market for Moving People to America
KEY FORCES IN AMERICAN HISTORY 1. A key to understanding people’s behavior is figuring out the incentives they face. 2.…
Activity 8: Women and Work in American History – The Opportunity Cost of Staying Home
Lesson Overview Of the many profound changes in American society during the 20th century, those in the roles of women…
Activity 7: The Great Depression – A Family’s Choices
Lesson Overview: In this simulation, students play the role of families in a small town, trying to deal with the…
Activity 6: Show Me the Money! A Fractional Reserve Banking Simulation
Lesson Overview Fractional Reserve Banking is a fundamental part of all modern economies. First introduced in Europe in the 16th…
Activity 5: A Question of Trust
Lesson Overview The purpose of “A Question of Trust” is to let students simulate the origins of the era of…
Activity 4: The Oklahoma Land Rush – Property Rights on the American Frontier
Lesson Overview What would life be like if we could own things just by claiming them on a first-come-first-served basis?…
Activity 3: Transaction Costs and Currency – 1808 Road Trip
Lesson Overview Students are given a “purse” containing one of four types of bank notes and are sent off on…
Activity 2: Indentured Servitude – A Colonial Market for Labor
Lesson Overview The purpose of this activity is to demonstrate to students, using the context of colonial markets for indentured…
Activity 1: Property Rights and U.S. History – Jamestown Simulation
Lesson Overview In this lesson the class will simulate the experience at Jamestown before and after the arrival of Sir…
Economic Forces In American History
History teaches us that prosperous, advanced national economies like the U.S. share a common institutional framework conducive to creativity, production,…
Foreign Currency and Foreign Exchange
Overview Many international exchanges of goods and services are facilitated by the exchange of the currencies of the trading countries. …
A Pollution Solution
Lesson Overview In this activity, students acting as owners of companies emitting proscribed substances engage in a market for tradable…
Farmers and Fishers
Video Demonstration: Concepts: Content Standards: Standard 4: People respond predictably to positive and negative incentives. Standard 5: Voluntary exchange…
The Fish Game
Video Demonstration: Lesson Description: In this lesson, students catch fish in the classroom lake, first, when the fish are owned…
The Wheat Activity
Lesson Description: In this simulation students are workers producing wheat. The students will use their available capital (pencils) to produce…