We found 146 resources with the concept economic principles
What Is the Tragedy of the Commons?
5 mins 6th - 12th CCSS: Adaptable
What's good for all of us is good for each of us. The Tragedy of the Commons refers to a situation in which one person's decision to act in his or her own best interest negatively affects the rest of the population—and ultimately, him or...
Economic Schools of Thought
10 mins 9th - 12th CCSS: Adaptable
Adam Smith, Karl Marx, and John Maynard Keynes held different beliefs about economic systems that evolved from their predecessors, and then shaped by their countries' economic situations. A video from Crash Course Economics explains the...
The European Union’s Economic and Monetary Union
9th - 12th CCSS: Adaptable
What are the benefits of using the Euro, the EU's common currency? What are the challenges faced? As their examination of the European Union continues, class members investigate the impact on how the switch to the Euro impacted...
"The Bust" - The Austrian Theory of Boom and Bust with Lawrence H. White
8 mins 10th - 12th CCSS: Adaptable
In the "boom and bust" of a business cycle, what takes place during a recession? What should the role of government be? Watch as an American professor of economics comments on this theory, which mixes the interview with relevant graphics...
Fight of the Century: Keynes vs. Hayek Round Two
10 mins 10th - 12th CCSS: Adaptable
In a witty and entertaining video, world-renowned economists John Maynard Keynes and Friedrich Hayek come to life and debate impact of government spending on the economy through the medium of a rap song and metaphor of a boxing match.
"The Cluster of Errors" - The Austrian Theory of Boom and Bust
5 mins 10th - 12th CCSS: Adaptable
Does the financial crises of 2008 fit the Austrian economic theory of "boom and bust"? American economics professor Lawrence H. White discusses economists' rationale for following interest rates and the reliability of turning to theory...
Macroeconomics 15 Minute Review
15 mins 11th - 12th CCSS: Adaptable
Don't underestimate the amount of content you can review in under 15 minutes! Watch as this familiar and savvy economics instructor provides an overview of all macroeconomics, from scarcity and the production possibilities curve to trade...
Becoming a Wise Consumer: Creating a Budget
7th - 12th CCSS: Designed
Can your teenagers afford their lifestyle choices? After they've learned about unit pricing (this activity is linked), a personal budgeting activity has learners track their spending for an entire week. Groups begin by defining needs and...