The Laffer Curve - Economic Theories

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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CCSS: Adaptable
Instructional Ideas

  • 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
Pros

  • Instructor uses simple metaphors to help explain concept
  • Curve is illustrated on a whiteboard and referenced to support instruction
Cons

  • None
Common Core