For my 11th grade economics class, my partner and I are teaching the class a mini lesson. The lesson must include student activity and must be based on Mankiw’s ten economic principles which are: #1 People face tradeoffs
#2 The cost of something is what you give up to get it
#3 Rational people think at the margin
#4 People respond to incentives
#5 Trade can make everyone better off
#6 Markets are usually a good way to organize economic activity
#7 Governments can sometimes improve market outcomes
#8 A country’s standard of living depends on its ability to produce goods and services
#9 Prices rise when the government prints too much money
#10 Society faces a short-run tradeoff between inflation and unemployment
Please help me out. I can’t think of anything.
http://www.sites4teachers.com/links/redirect.php?url=http://ecedweb.unomaha.edu/lessons/lessons.cfm
http://www.sites4teachers.com
has been a real help to me, and has numerous lesson plans to draw upon.
Try having some fun in the class. Give one half the class chits representing money. Give the other half of the class a supply of goods. Simply, the goods could be candy bars. Give the teachers permission to tax the transactions. Allow time to organize. Start the businesses. Post the results on the board. Use the next class session to discuss the results. Who ended up with all the chits?