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- Economics Blog - Page 7
Economics Blog - Page 7
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Economics Blog - Page 7
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Macmillan Employee
09-02-2020
06:49 AM
Cost of Livin'
(Econ video, song by Ronnie Dunn)
Singer is unemployed and laments the difficulties of finding a new job. Includes assignment questions.
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Macmillan Employee
09-02-2020
06:47 AM
Compensating differentials
(experiment)
Pairs of students negotiate completion of two tasks, one pleasant and one unpleasant.
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Macmillan Employee
09-02-2020
06:45 AM
Common Property
(experiment)
Students jointly own a common resource and must make consumption decisions over multiple rounds.
Here are many variations of this game, generally using different goods as the common resources (e.g., see here Games Economists Play: Games 71 - 80)
For larger classes, can be done with a sub-set of students as a demonstration for the rest of the class. Have students predict what will happen before game begins.
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Macmillan Employee
09-02-2020
06:43 AM
Candy Price Index
(cooperative learning, experiment)
Students develop a price index using data from classmates' purchasing decisions.
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Macmillan Employee
09-02-2020
06:41 AM
Cashmere market
(interactive lecture, media)
Students watch a clip from the Colbert Report and must analyze the externality discussed.
Can have students complete individually, with think-pair-share or small groups. In larger classes, student responses can be collected using clickers.
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Macmillan Employee
09-02-2020
06:39 AM
Class unemployment rate
(interactive demonstration)
Students predict the unemployment rate for the class and then use survey data to calculate the actual unemployment rate.
With larger classes, could collect responses to follow-up questions with clickers
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Macmillan Employee
08-28-2020
09:12 AM
Can Congress diagnose and treat an ailing economy?
(Discussion)
This lesson plan from Junior Achievement has students analyze data and recommend policy interventions.
With larger classes, could
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Macmillan Employee
08-28-2020
09:03 AM
Budget Explorer
(simulation)
Students must decide how to balance the budget and reduce the debt/deficit.
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Macmillan Employee
08-28-2020
08:27 AM
Big Money
(Econ video, song by Garth Brooks)
Singer describes some of the high-risk jobs that pay 'big money'.
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Macmillan Employee
08-28-2020
08:14 AM
Bart Gets Famous
(TV clip)
Bart quickly learns about the diminishing returns to being famous.
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Macmillan Employee
08-28-2020
07:50 AM
Trade Agreements
(simulation)
Students participate in mock NAFTA negotiations. Note: This is a multi-period lesson plan; first part includes discussion questions about government regulation of trade and then multiple periods are devoted to the NAFTA simulation.
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Macmillan Employee
08-28-2020
07:49 AM
Tracking the U.S. Economy
(interactive lecture demonstration)
Students use real data to uncover patterns in GDP over time.
Can use clickers to have students predict trend before examining data.
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Macmillan Employee
08-28-2020
07:47 AM
The Way It Is
(Econ video, song by Bruce Hornsby) Lyrics refer to discrimination (video notes also discuss different types of unemployment)
Note: video is long (8:47) and mashes up 2 songs (Tupac's song Changes samples Way It Is)- stop after the first song to focus on discrimination.
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Macmillan Employee
08-28-2020
07:40 AM
The Stock Market Game is a fully-fledged game and apps designed to help students with financial literacy
" What would you do if you were given $100,000? Would you spend it all at once? Would you think about putting some of it in the bank? We’d like to teach you how to invest it, so you might grow it. Through The Stock Market Game (SMG), you will gain a fundamental understanding of investing and how you might get your money to work for you."
Plentiful resources from the Federal Reserve to support your classroom use of the game: Tools for Enhancing The Stock Market Game: Invest it Forward Video Series | Education Resources | St...
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Macmillan Employee
08-27-2020
03:34 PM
Barbeque externalities
(experiment, collaborative)
Students must negotiate an efficient outcome to deal with an externality. Property rights are assigned differently to different pairs of students.
In larger classes, student responses can be collected using clickers.
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