Externalities
Introduce the concept of externalities.
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Lessons & Activities
46-60 min
Green Is the New Gold
OVERVIEW
In this lesson, students work in groups to figure out the best way to create a product from resources with the least amount of waste. They define capital, factors of production, fixed costs, innovation, labor, land, opportunity cost, profit, revenue, scarcity, total costs, and variable costs.
Related Resources
VIDEO Q&A
0-15 MIN
LESSONS & ACTIVITIES
46-60 MIN
Herd Immunity and Positive Externalities Lesson
Investigate the concept of positive externalities.
LESSONS & ACTIVITIES
46-60 MIN
Intro to Externalities
Learn the four major types of externalities.
AUDIO Q&A
0-15 MIN
Externalities
Introduce students to positive and negative externalities.
LESSONS & ACTIVITIES
46-60 MIN
AP Micro Lecture Guide: The Deadweight Loss Plan
This lecture guide provides a script, visuals, and a worksheet to introduce situations where deadweight loss exists.
More in This Series
CURRICULUM UNITS
Saving the Environment with Economic Ideas
Learn and analyze how economics plays a role in developing ideas and solutions to save the environment.
LESSONS & ACTIVITIES
1 HOUR+
Water Rights: Managing the Colorado Water System
Define allocation, scarcity, and value thorugh an active simulation.
LESSONS & ACTIVITIES
31-45 MIN
Property Rights
Illustrate the Coase Theorem using a lake-pollution activity.
LESSONS & ACTIVITIES
31-45 MIN
Marginal Analysis: How Clean Is Clean Enough?
Illustrate marginal cost of cleaning up pollution.
LESSONS & ACTIVITIES
31-45 MIN
Supply and Demand of Pollution
Examine what happens when the supply or demand of pollution disposal changes.
LESSONS & ACTIVITIES
31-45 MIN
The Emissions Simulation
Define emissions tax and tradable permit system.
