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Activity: M&Ms and Lemonade

Activity: M&Ms and Lemonade

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These two short activities set up tragedies of the commons – one in water (lemonade) and the other in fish (M&Ms). The debriefing guides students through analysis of the different incentives embodied in common and private ownership and helps them understand how the rules of the game shape people’s behavior – and their use of valuable environmental amenities.

Subject:
21st Century Global Geography
Material Type:
Activity/Lab
Provider:
Foundation for Teaching Economics
Author:
Foundations for Teaching Economics
Date Added:
02/26/2019
Activity: Marginal Analysis - Would You Swim There?

Activity: Marginal Analysis - Would You Swim There?

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4.0 stars

In this simulation activity, students play the roles of community members wrestling with the problem of cleaning up a polluted pond on their common property. They quickly discover that because of their different values and interests, the important question is not whether to clean up the pond, but how much clean-up they are willing to pay for.

Subject:
Earth Science
Material Type:
Activity/Lab
Provider:
Foundation for Teaching Economics
Author:
Foundations for Teaching Economics
Date Added:
02/26/2019
Activity: Standing Up For Sweatshops?

Activity: Standing Up For Sweatshops?

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Students will use a series of clues and their knowledge of incentives and voluntary exchange to solve the sweatshop mystery. Students will fully examine the issue – an examination that must include the accounts from workers, themselves, who often welcome the opportunity sweatshops offer and fear that foreign agitation will cause factories to close or relocate.

Subject:
21st Century Global Geography
Material Type:
Activity/Lab
Provider:
Foundation for Teaching Economics
Author:
Foundations for Teaching Economics
Date Added:
02/26/2019
Activity: U.S. Sugar Policy: A Sweet Deal?

Activity: U.S. Sugar Policy: A Sweet Deal?

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This reading-based activity is a combination guided discussion and paper-and-pencil exercise examining the impact of trade barriers on various participant groups in the sugar market. U.S. sugar policy creates a tale of 2 markets and offers a clear illustration of who benefits from and who bears the costs of market restrictions. In the process of analyzing and comparing those markets, students rediscover three important economic constants: voluntary trade creates wealth; incentives always matter; and economic change creates winners and losers.

Subject:
21st Century Global Geography
Material Type:
Activity/Lab
Provider:
Foundation for Teaching Economics
Author:
Foundation for Teaching Economics
Date Added:
02/26/2019
Demand, Supply, and the Market

Demand, Supply, and the Market

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This lesson focuses on suppliers and demanders, the participants in markets; how their behavior changes in response to incentives; and how their interaction generates the prices that allocate resources in the economy.

Subject:
Civics and Economics
Material Type:
Lesson Plan
Provider:
Foundation for Teaching Economics
Author:
Foundation for Teaching Economics
Date Added:
02/26/2019
The Environment and The Economy

The Environment and The Economy

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Students will participate in a role-play that simulates a common environmental dilemma as community members try to decide where to locate a new school. They are faced with the costs and alternative uses that must be given up of any particular school location.

Subject:
Social Studies
Material Type:
Activity/Lab
Provider:
Foundation for Teaching Economics
Author:
Foundation for Teaching Economics
Date Added:
02/26/2019
The Euro: Currency Exchange and Transaction Costs

The Euro: Currency Exchange and Transaction Costs

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In this activity, students are given one of three types of currency and encouraged to participate in a market for a variety of inexpensive goods. Unfortunately, stores in the market are only open for a short time and each accepts only one type of currency. As they experience the frustration of trying to obtain the currency for the purchases they want to make, students explore ways to reduce these transaction costs. In round 2, the option of currency exchange at a bank is added to the activity, and in round 3, students have the option of trading in their money for a common currency.

Subject:
Social Studies
Material Type:
Activity/Lab
Provider:
Foundation for Teaching Economics
Author:
Foundation for Teaching Economics
Date Added:
02/26/2019
Experiments in Capitalism: The Ultimatum Game

Experiments in Capitalism: The Ultimatum Game

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Students will participate in the Ultimatum Game where they discuss whether capitalism can be "good" for the poor in an ethical and moral sense, as well as in terms of material well-being.

Subject:
Social Studies
Material Type:
Lesson Plan
Provider:
Foundation for Teaching Economics
Author:
Foundation for Teaching Economics
Date Added:
02/26/2019
Lesson 1: The Basics Still Apply-Domestic or Foreign, A Market Is a Market

Lesson 1: The Basics Still Apply-Domestic or Foreign, A Market Is a Market

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Students will be able to identify and explain the economic principles of scarcity, choice, opportunity cost, and incentives and how they apply to the study of international trade.

Subject:
Social Studies
Material Type:
Lesson Plan
Provider:
Foundation for Teaching Economics
Author:
Foundation for Teaching Economics
Date Added:
02/26/2019
Lesson 2: Bridges & Barriers to Trade

Lesson 2: Bridges & Barriers to Trade

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Students will review trade restriction vocabulary before analyzing the impact of trade-inhibiting policies and moving on to the more important question of why the urge to erect barriers seems so resistant to the economic logic that restricting trade restricts the creation of wealth.

Subject:
Social Studies
Material Type:
Lesson Plan
Provider:
Foundation for Teaching Economics
Author:
Foundation for Teaching Economics
Date Added:
02/26/2019
Lesson 3: When Disaster Strikes, What Can Government Do?
Conditions of Use:
Read the Fine Print

Lesson 3: When Disaster Strikes, What Can Government Do?

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In this 2-part lesson, students identify diaster-related activities in which the benefits of government action outweigh the costs and use economic analysis to explain the obstacles to success in the diaster-relief activities where government frequently falters.

Subject:
Social Studies
Material Type:
Lesson Plan
Provider:
Foundation for Teaching Economics
Date Added:
01/25/2017
Lesson 3: Yours, Mine, Ours: The Rules of Ownership

Lesson 3: Yours, Mine, Ours: The Rules of Ownership

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Lesson Three seeks to clarify their understanding by taking a close look at one of the oldest and most fundamental of American values—private property rights. In examining the privileges and limitations of owning a house, as contrasted, for example, to owning a beautiful stream or a potentially dan­gerous weapon, students investigate how rules, customs, and laws define ownership. (See the link to the activities at the bottom of the page.)

Subject:
Civics and Economics
World Humanities
Material Type:
Lesson Plan
Provider:
Foundation for Teaching Economics
Author:
Foundation for Teaching Economics
Date Added:
02/26/2019