VIDEO Q&AExternalities
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.
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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.
