COMPELLING QUESTION Do people always make economics decisions by strictly weighing the costs and benefits of each alternative? This lesson introduces students to some of the basic concepts addressed in behavioral economics. The lesson conducts a number of short experiments to illustrate the concepts. Students learn how the human mind behaves using the ideas of system 1 and system 2. Students learn how these systems influence economic decision making. By understanding these concepts, the students can better understand how economics is a subject that can draw from many other disciplines, including psychology.
Advancements in transportation have played a key role in the growth of our nation. U.S.government policies have also had a considerable impact on the development of transport as we know it today. In this series of three lessons, the students examine the advancements in automobiles, roads, airlines and airports.
Students learn about incentives for alternative energy programs and the role played by non-price determinants in energy choices.
The following lessons come from the Council for Economic Education's library of publications. Clicking the publication title or image will take you to the Council for Economic Education Store for more detailed information.
This publication contains complete instructions for teaching the lessons in Capstone. When combined with a textbook, Capstone provides activities for a complete high school economics course. 45 exemplary lessons help students learn to apply economic reasoning to a wide range of real-world subjects.
16 out of 45 lessons from this publication relate to this EconEdLink lesson.
Focus: Understanding Economics in U.S. History uses a unique mystery-solving approach to teach U.S. economic history to your high school students.
15 out of 40 lessons from this publication relate to this EconEdLink lesson.
This publication contains 10 lessons that reintroduce an ethical dimension to economics in the tradition of Adam Smith, who believed ethical considerations were central to life.
7 out of 12 lessons from this publication relate to this EconEdLink lesson.