Economic Way of Thinking

Current Topic: Opportunity Cost Previous Topics Connected: Trade offs, scarcity, cost-benefit analysis Future Topics Foreshadowed: marginal analysis Article: Harry and Megan officially start their non-royal life Link: https://www.cnn.com/2020/03/31/world/prince-harry-meghan-new-roles-intl/index...

The couple have relinquished their royal duties as of March 31. What comes next is reinvention.

The Money Game Lesson: Incentives Matter Materials: a penny, a one-dollar bill, a five-dollar bill, a ten-dollar bill Monetary cost: $16.01 (but can be scaled down) Time: 5 minutes The Game: This game was adapted from an example used by a fictitious character in the book The Invisible He...

Directions: Students need to take the Time Use survey prior to class (Student Time:

Current Topic: Incentives Previous Topics Connected: None Future Topics Foreshadowed: Opportunity cost, marginal benefit, marginal cost, demand News Article: Hooponomics! Link: Indicator Podcast with transcript Description: Podcast (

Current Topic: Incentives Previous Topics Connected: None Future Topics Foreshadowed: Demand, Taxes News Article/Podcast: Are Plastic Bag Bans Garbage? Link: https://www.npr.org/sections/money/2019/04/09/711181385/are-plastic-bag-bans-garbage Description: In an effort to cut down on waste, many...

A national movement to ban plastic bags is gaining steam, but these restrictions may actually hurt the environment more than help it.

A single test that can give false reassurance sounds bad. But a $10 test for the coronavirus, if repeated daily, would discover real infections, say proponents of such tests as screening tools.

A national network of food banks couldn't figure out how to get the right food to the right place at the right time. So they tried a bold experiment: the free market.

The introduction of the three-point line changed how people play basketball. And it has some compelling parallels to economics.

Starbucks said it would directly connect the building of inclusive and diverse teams to the pay of its executives.

It is no exaggeration to say that learning economics changed my life. In fact, I would go as far as saying the two most pivotal moments of my young adulthood was meeting my future wife at 17 and...

Fulton County Schools is providing a temporary pay incentive to substitutes through the end of the school year.

Japan is seeking to boost its flagging birth rate by funding the use of artificial intelligence to help match lonely hearts, an official said Monday. Altho

‎Show Think Like An Economist, Ep Juggling Work and Childcare During a Pandemic - Sep 2, 2020

‎Show Think Like An Economist, Ep Core Principle 3 - The Marginal Principle - Just One More? - Aug 18, 2020

‎Show Think Like An Economist, Ep Core Principle 1 - The Cost-Benefit Principle - The Pros & Cons - Aug 18, 2020

‎Show Think Like An Economist, Ep Core Principle 4 - The Interdependence Principle - No Decision is an Island - Aug 18, 2020

‎Show Think Like An Economist, Ep Core Principle 2 - The Opportunity Cost Principle - Or What? - Aug 18, 2020

‎Show Think Like An Economist, Ep Why Should You Think Like an Economist? - Aug 3, 2020

‎Show Think Like An Economist, Ep Introducing: Think Like An Economist - 2020年7月16日

Bryan Caplan’s new book, Selfish Reasons to Have More Kids, (which he blogged about for us here and here) has people talking about happiness and kids, again. Over at Cato Unbound, my better half Betsey Stevenson takes Bryan to task on some of his claims. It’s worth reading the full essay. Jeff Ely at Cheap Talk says you should take note of her views on the distinction between happiness and utility. Instead, I want to highlight an insight that comes from thinking through a formal framework:

This Intro to Economics Lesson Plan introduces students to the concept of scarcity and what impact it has on the economy. Students will be asked to explore scarcity within the country as well as within their own personal life. This hands on lesson plan allows students to see the reality of scarcity and how it make impact everyone, including the individual.

“CONSUMER THEORY” ACTIVITY DETAILS (IN CLASS) LESSON START-UP: Re-cap of homework video content... We know that no two consumers are alike – they all have different tastes & preferences, different budgets, etc. – so how can we say that they all behave in the same way? Conduct an experiment in ...

For the questions below, refer to the following table showing Jenny's Total Utility from eating pizza.