Delve into the world of economic theory with the Laffer curve and introduce your young economists to the relationship between tax revenue and tax rates.
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- Provide this video on a class website as a flipped classroom resource or study aid for students
- Ask pupils to provide similar metaphors that also illustrate the concept of the Laffer curve; you can use them for discussion or as an assessment
- Instructor uses simple metaphors to help explain concept
- Curve is illustrated on a whiteboard and referenced to support instruction