ACTIVITY 4 – The More the Merrier
Introduction The friendly invitation, “the more, the merrier,” may not have originated to describe market competition, but it certainly applies.…
ACTIVITY 3 – Innovation – Is it Rocket Science?
Introduction History is replete with examples of societies in which genius spawned invention but made no long-lasting impact on standards…
Lesson 5: Denmark – The Free Enterprise Welfare State
Introduction This lesson examines the Danish economic model, including its origins, and draws some important lessons from the experience, including…
Lesson 4: The Mirage of Swedish Socialism
Introduction For half a century, Sweden has been associated with socialism. When asked to give an example of a successful…
ACTIVITY 2 – LET’S MAKE IT FAIR
Introduction In this activity students participate in a socialist society and try to achieve a fair allocation of stickers and…
ACTIVITY 1 – A Survey: 4 Countries and You
Introduction: In this activity, students participate in a survey answering questions about their feelings regarding various economic systems as well…
Lesson 3: Pathologies of Privilege
Introduction The inability of the various Socialist experiments to overcome the problems of control, knowledge and incentives invariably led to…
Lesson 2: A Short History of Poland
Introduction For four decades during the latter half of the 20th Century Poland was the subject of a grand socio-economic…
Lesson 1: Socialism Defined
Introduction This lesson introduces students to the political economy of socialism and its goals. By using the Polish socialist experiment…
Capstone Project: From Idea to Enterprise – The Entrepreneur Showcase
In this lesson students will use the knowledge throughout the entire course to present their business idea to peers. Economics…
Activity: AI or HI: Artificial Intelligence vs Human Ingenuity
In this interactive and fast-paced activity, students will work in teams to solve a variety of challenges across subjects like…
Lesson 7: Resources and Hiring Decisions for Entrepreneurs
In this lesson students will learn about economic resources and understand how entrepreneurs make hiring decisions. Economics Entrepreneurs must make…
Activity: Advertisement Showdown–Understanding Marketing and Economics for Entrepreneurs
In this lesson students will be introduced to marketing including advertising and branding they will have to create and pitch…
Lesson 6: Understanding Market Structures for an Entrepreneur
In this lesson students will be introduced to the four market structures and how the characteristics of each affect business…
Case Study: Baseline Bites at the Softball Complex
In this case study, students will play the role of a young entrepreneur calculating accounting and economic profits and losses…
Activity: Creative Destruction – Build a Better Widget
NTRODUCTION Joseph Schumpeter coined the term “creative destruction” to describe the process by which old products and processes give way…
Lesson 5: Business Plan for Entrepreneurs
In this lesson students will learn what a business plan is and begin writing one for their own businesses. Economics…
Activity: Food Truck Challenge – A Supply and Demand Activity
In this lesson students will understand and use the concepts of supply and demand to make entrepreneurial decisions in a…