Incentives
This video teaches the concept of Incentives. An incentive is a cost or benefit that motivates a decision or action by consumers, workers, firms or other participants in the economy.
Key Concepts
Cost/Benefit Analysis, Decision Making, Incentive, Property Rights, Government Failures/Public-Choice Analysis, Elasticity of Demand
OTHER RELATED LESSONS
It’s December 16, 1773 and many of the citizens of Boston are furious with King George’s new tax on tea. Young Ethan, a printer’s errand boy, has been given the task of conveying information concerning an upcoming protest meeting. As he makes his rounds through the city the reader is int...
Grades K-2, 3-5
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 transportation and its impact on our nation (...
Grades 6-8, 9-12
Your students will consider the following questions: In deciding to secede from the Union in 1861, did the South violate its own self-interest and thus disprove the basic economic principle that people seek to further their self-interest in the decisions they make? To get at the question, each ...
Grades 6-8, 9-12
This lesson focuses on the scarce and nonrenewable nature of fossil fuels in order to stimulate student thinking about energy conservation. It emphasizes the fact that saving energy can be good for the wallet as well as the earth's future. Students play a memory game that challenges them t...
Grades 6-8, 9-12
This lesson complements an NPR Marketplace segment exploring the effects of the rising costs of insurance for high-profile art exhibits since September 11.
Grades 6-8, 9-12
INTERACTIVE TOOL REVIEWS
Be the first to review this interactive tool!
Add a Review