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TEACHING ECONOMICS

TEACHING ECONOMICS. IN THE US HISTORY & AMERICAN GOVERNMENT CLASSES. GONE FISHING. CATCH A FISH AND EARN A BUCK In round one, each fish caught is worth $1. In round two, each fish caught is worth $2 (or more). ECONOMIC PRINCIPLE:. With property rights there is . . . LESS WASTE

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TEACHING ECONOMICS

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  1. TEACHING ECONOMICS IN THE US HISTORY & AMERICAN GOVERNMENT CLASSES

  2. GONE FISHING CATCH A FISH AND EARN A BUCK • In round one, each fish caught is worth $1. • In round two, each fish caught is worth $2 (or more).

  3. ECONOMIC PRINCIPLE: With property rights there is . . . • LESS WASTE • AN INCENTIVE TO USE THE PROPERTY FOR THE MAXIMUM BENEFIT

  4. ECONOMIC PRINCIPLE: With property rights you can . . . • Use it • Benefit from it • Transfer it

  5. HISTORY/GOVERNMENT APPLICATION: ØUS Constitution, Article I, Section 8, Paragraph 8 ØJamestown Charter ØSlavery Debates ØEminent Domain

  6. “BAG GAME” • The object in the bag is you property and thus you have property rights to the bag. • With property right you can use it, benefit from it, and transfer it. • You may keep or trade your bag when you are directed to do so. • At the end of each round you will rate your bag.

  7. ECONOMIC PRINCIPLE: Trade creates . . . WEALTH.

  8. HISTORY/GOVERNMENT APPLICATION: ØMercantilism ØThe Great Depression (as well as the not so greats) ØBig Business ØInternational (Global) Markets

  9. WEB SITES • http://www.fte.org • http://www.mceeonline.org • http://www.ncee.net • http://catalog.socialstudies.com THANK YOU … • rwmay57@hotmail.com

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