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This Episode 5: Externalities instructional video also includes:
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Are those clouds or smog hovering above large cities? The fifth episode of a 10-part economic series looks into how the use of goods and services has both positive and negative externalities. Scholars use a short video to analyze how unintended consequences, good and bad, result when companies create goods or services for the marketplace. They discuss how the government helps to encourage the positive externalities while limiting the negative.
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CCSS:
Adaptable
Concepts
Additional Tags
Instructional Ideas
- Place photos of smoke stacks and a graduation in the front of the room to represent both negative and positive externalities
- Assign a preview reading on the concept of externalities
Classroom Considerations
- Requires video, Internet, and projection technology needed to properly use the lesson in class
Pros
- Resource provides video, audio, and podcast forms for differentiation
- Gives a written transcript of the video for teacher planning
Cons
- None