Season 5, Episode 1: Jon Snow is talking with Stannis Baratheon. Stannis wants Jon to convince Mance – the King Beyond the Wall – to join him and bring his Wildling Army. This is risky, as the Wildling Army could be powerful and pose a threat, but Stannis clearly thinks this is worthwhile. To teach …
Objectives: Understand the concept of the production possibilities frontier and how it illustrates the trade-offs between producing different goods and services. Understand the role of investments in increasing capital and expanding production possibilities. Analyze the clip from Game of Thrones where Arya talks about reinvesting her profits and relate it to the concepts of capital …
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Objectives: Define loans and interest, and explain the basic concepts behind borrowing and lending money Explain how loans are repaid with interest, and calculate the total amount of repayment for a given loan amount and interest rate Analyze the risks and benefits of taking out loans, and identify different types of loans and their purposes …
Objectives: Understand the basic concepts of supply and demand. Analyze how changes in supply and demand affect market outcomes. Apply the concepts of supply and demand to real-world situations. Materials: Whiteboard and markers Handout on supply and demand basics Worksheet with practice problems Game of Thrones clip (Season 1, Episode 4). Link here. Procedures: Introduction …
Objectives: Understand the concept of sanctions and their purpose in international relations Evaluate the effectiveness of sanctions in achieving political or economic objectives Analyze the benefits and drawbacks of imposing sanctions Apply the knowledge gained to real-life examples of sanctions, including the case of King’s Landing in Game of Thrones Materials: Handout on sanctions and …
Objectives: Students will understand the concept of public goods and market failures. Students will analyze the Night’s Watch in Game of Thrones as an example of a public good. Students will apply the concept of market failures to the Night’s Watch and discuss potential solutions. Materials: Whiteboard and markers Handout with definitions of public goods …
Season 4 Episode 5: Tywin Lannister and Cersei Lannister discuss the Lannister’s depleted gold resource from the wars and the obstacles they face in paying back the Iron Bank of Braavos without being able to tap into this resource anymore. This relates to the problems many developing countries face called the resource curse or Dutch …
Season 3 Episode 10: Varys offers diamonds to Shae to leave the Tyrion Lannister and the capital. She refuses. In doing so, the opportunity cost of staying with Tyrion are clearly illustrated – a lot of gold and a good life elsewhere. This clip also does a good job of illustrating trade offs, as Shae …
Season 3 Episode 6: Tywin negotiates with Lady Tyrell to have her daughter marry Loras to Cersei. Lady Tyrell opposes, but then Tywin says he’d force Loras to join the Kings Guard if Lady Tyrell refused. Tywin decreased his Lady Tyrell’s Best Alternative to a Negotiated Agreement (BATNA). When that happens, Lady Tyrell accepts the …
Season 1 Episode 6: The prison guard doesn’t trust that a prisoner will pay him. However, once he convinces the guard that he is a Lannister, the Lannister’s credit history – because a Lannister always pays his debt’s – helps convince the guard to help Tyrion. To teach this concept in the classroom, click here for …