Practice what you have learned about economic systems in this four-question exercise.

This student version of an economics lesson plan focuses on allocation. For a activity about how the rule of force motivates, check out this informative website.

Ancient Hawaii was ruled by chiefs, who were responsible for the well-being of their people and for managing the islands' resources. The chiefs divided the islands into land districts shaped like pie slices called Ahupua'a (ah-who-...

An introduction to basic concepts in beginning economics.

This is a lesson plan on the environmental aspects of economic development. Focusing on Brazil, the lesson takes young scholars through the pros and cons associated with development and how multiple players are involved.

Students will work in cooperative learning groups to examine the similarities and differences in capitalism, socialism, and communism. They will do research to meet specific requirements of elements that must be included in a...

This lesson introduced the basics of a branch of economics known as welfare economics, which is interested in how the allocation of resources affects well-being. The most important concepts used in welfare analysis are total surplus and...

Economists do not operate in a vacuum. If an economist is going to suggest that the price of a good needs to be increased, he or she needs to consider who will bear the increase in costs. Will the costs be distributed equally or will one...

An economics and literature lesson addressing capital resources, increasing productivity, and research skills. Based on a story by Robert McClosky called The Doughnuts.

This module discusses fundamental problem of scarcity challenges us to think about an allocation mechanism to determine what is produced and who consumes it. It discuss scarcity and allocation mechanisms. In this course,the focus is on...

Why are perfectly competitive markets efficient?