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Holiday gift-giving seasons can be lucrative for an individual business, but does a profitable season bode well for the market as a whole? A video from Crash Course Economics discusses how giving gifts to people who are uninterested in the product can be a waste of resources, as well as how competitive markets, price signals, and government regulation affect the ways businesses produce their goods and consumers spend their money.
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CCSS:
Adaptable
Concepts
Additional Tags
Instructional Ideas
- Prompt learners to write a letter to a company they have patronized in the past regarding prices that they feel are unfair, adding supporting details and anecdotal evidence when needed
- Bring in newspaper advertisements to discuss examples of price signals or predatory pricing
Classroom Considerations
- Comment section is open to the public and may
- Features a humorous false ending at 9:00; keep watching for the actual ending
- This video is hosted on YouTube
Pros
- Weighs the benefits and drawbacks to government regulation in the free market
- Uses the term crowdfunding to describe capitalism in a way teenagers can understand
Cons
- None