Lesson Plan

New Sense, Inc. vs. Fish 'Till U Drop or Coase Vs. Pigou

Curated and Reviewed by Lesson Planet

Who is responsible for protecting the environment, and who should pay when it is damaged? The role of government and private industry is complicated. A role-play simulation prompts individuals to decide how to protect a fictitious town with its delicious fish using the economic concepts of the Coase Theorem and Pigouvian Tax.

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CCSS: Adaptable
Instructional Ideas
  • Use the role-play exercise to inform a debate on the government's role in managing the market
  • Extend the activity into a discussion about environmental or taxation policy
Classroom Considerations
  • Scholars require a basic knowledge of economic principles such as cost-benefit and taxation
  • Lesson plan is rich with options for extension activities, such as essays and outside research
  • Activities are easy to understand and adaptable to a variety of learning styles