VIDEO Q&AExternalities
Introduce the concept of externalities.
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Lessons & Activities
31-45 min
Marginal Analysis: How Clean Is Clean Enough?
OVERVIEW
This activity illustrates when it’s a good idea to clean up a lot of pollution and when it’s OK to let some pollution into the environment. Students decide how much should be cleaned up based on characteristics of the pollution and the costs of cleaning up the pollution.
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
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.
LESSONS & ACTIVITIES
46-60 MIN
Green Is the New Gold
Understand factors of production and analyze businesses production processes.
