Students determine reasons for market failure while examining clear definitions for government failure, rent seeking, and log rolling. They gain an idea of how governments can solve the problems they face in correcting these failures.

High schoolers recognize the difference between negative and positive externalties. They diagram reasons for market failures pertaining to genetically altered crops.

Students review concepts related to market structures and competition. Using supply and demand, they identify what factors cause them to shift and analyze business downward facing demand curves. They compare and contrast the abilities of...

Young scholars view a PowerPoint presentation on market failure. They research the genetically modified food market and identify positive and negative externalities associated with this market. They consider some of the difficulties in...

Young scholars use knowledge of supply and demand models and demonstrate how markets can be affected by intervention from governments or other agencies in an attempt to correct a perceived market failure

Students utilize supply and demand models to demonstrate how markets can be affected by intervention from governments or other agencies in an attempt to correct a perceived market failure. After viewing a PowerPoint presentation,...

Young scholars examine the concept of government failure. They analyze data to provide support for tuition fees. They write a report using their analytical and evaluative skills.

Students study the Common Agricultural Policy and the Common Fisheries Policy as cases in which governments try to correct market failure. They complete a question and answer sheet.

Examine the Great Depression with your pupils. First you'll discuss the causes of the Great Depression, such as the stock market crash of 1929. Then, you'll examine key facts, like the Dust Bowl, the New Deal, and economic recovery.

Falling wages. Rising unemployment. Falling prices. Sound familiar? Young economists look at the role the US banking system had in causing the Great Depression.

Young scholars examine how he world eats breakfast. In this food choices instructional activity, students work in groups to list breakfast foods and their ingredients and find goods and consumers on the list. The, young scholars use...

Students discuss hypothetical problems associated with price and profit. They discuss the fairness of profit, how it should be measured, and the consequences of setting acceptable levels of profit.

Students act as teams of product managers for personal electronics companies. Each team evaluate new electronic devices in different product categories (such as handheld devices and portable music devices), and create product...

Young scholars discuss both positive and negative economic incentives. In this lecture-based lesson, they examine a simulation about profiteering drug companies and what might happen if the FDA controlled drug production.

Students focus on the role played by a nation's institutions in generating creativity, invention and innovation, and analyzes how innovation promotes the economic growth that raises standards of living and alleviates poverty.

When you teach somebody, they and society both benefit from training and education. What's in it for you?

Economic concepts are often found in places students have never considered, like children's literature. In this lesson, students will explore the various economic concepts addressed in five of Dr. Seuss' most popular books: The Cat in...

Students will learn the basic functions of the Federal Reserve Bank of the United States through activities presented in this lesson plan.