Economics: Incentives, Profit, and the Entrepreneur
Students 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.
10th - 12th Social Studies & History 3 Views 5 Downloads
I'm in Business, Now What Do I Charge?
Students determine what price must be charged in order for an entrepreneur to breakeven and to make a profit. They calculate the breakeven price, identify opportunity costs, and write a paragraph explaining what costs should be used for...
11th - 12th Social Studies & History
Factors of Production and Economic Decision-Making
Class members begin this engaging economics activity by listing all the resources used in the production of a car, and use that example to draw parallels to the four primary factors of production: capital goods, labor, natural resources,...
10th - 12th Social Studies & History CCSS: Adaptable
Bridge to the Future: Enlarging the European Union
The political, social, and economic challenges the European Union faces as it enlarges is the focus of a six-lesson unit. Class members investigate and craft a presentation about a member country, the treaties member states must sign,...
9th - 12th Social Studies & History CCSS: Adaptable
Chapter 29: Rent, Interest, and Profits
As viewers will quickly learn, rent is a vital part of our economy - both paying and receiving. Each perspective of a rent agreement are featured here. Included are details about the rate of interest and profits, as well as changes in...
10th - 12th Social Studies & History
Is Capitalism Good for the Poor? | How Incentives Affect Innovation
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.
9th - 12th Social Studies & History
How Can Entrepreneurs Control Costs?
Students calculate fixed and variable costs. In this costs lesson, students read a case study about an entrepreneur and her business costs. Individuals complete the provided worksheets to find costs and make related business decisions....
9th - 10th Social Studies & History