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This Episode 3: The Role of Self-Interest and Competition in a Market Economy podcast also includes:
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Why do scholars go to school? Is it due to self-interest and wanting more for themselves? Adam Smith's concept of competition spearheads the third lesson of a 21-part economic series from Econ Lowdown. Scholars investigate how self-interest is at the heart of business competition. Podcasts and video lectures introduce examples of how self-interest actually drives the economy, and budding historians then see how self-interest drives their own lives and shapes their futures.
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CCSS:
Adaptable
Concepts
Additional Tags
Instructional Ideas
- Introduce self-interest concept with short reading from investopedia
- Extend the lesson with an additional short video on Adam Smith
Classroom Considerations
- With adjustments, the lesson is perfect for an economic unit from eighth grade through higher education
Pros
- Printable transcript of podcast is available for use in the classroom
- Offers differentiated instruction with audio and video resources
Cons
- None