VIDEO Q&AExternalities
Introduce the concept of externalities.
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Lessons & Activities
31-45 min
The Emissions Simulation
OVERVIEW
In this lesson, a simulation reinforces the idea that using a price system results in the lowest-cost method of controlling pollution among a large number of firms. Students make decisions under a variety of scenarios, including a tax on emissions and a tradeable permit system.
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
46-60 MIN
Green Is the New Gold
Understand factors of production and analyze businesses production processes.
