Scarcity

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.

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

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.

Class 4 brings us an economic conundrum: how do you efficiently share a scarce resource? | Subscribe to our weekly newsletter here.

Dr. Ashley Whillans teaches at the Harvard Business School. She is an award-winning and leading global expert on the relationship between time, money, and happiness. Her thoughts are regularly shared in the New York Times, Washington Post, Wall Street Journal, and Harvard Business Review, just to name a few.