VIDEO Q&AExternalities
Introduce the concept of externalities.
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Lessons & Activities
1 Hour+
Water Rights: Managing the Colorado Water System
OVERVIEW
In this lesson, simulate a river by passing a pitcher of water down a line of students. Students are given a number of scenarios that change their incentives to take water from the river. They work to align the individual needs of consumers with the health of the river while an ever-changing set of conditions influences both supply and demand.
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
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.
LESSONS & ACTIVITIES
46-60 MIN
Green Is the New Gold
Understand factors of production and analyze businesses production processes.
