Objective:Students will analyze how religious competition can challenge existing political institutionsand reshape society. They will apply concepts from public choice economics, institutionalcompetition, and transaction cost economics to understand the relationship between religion,political power, and economic development. Materials Needed: Lesson Steps:
Objective:Students will analyze how rulers overcome the principal-agent problem when governinglarge organizations and empires. They will apply the concepts of the principal-agentproblem, credible commitment, and incentive alignment to understand how Daeneryssecures loyalty from her followers. Students will compare Daenerys’s solution to historicalmethods used by rulers in feudal Europe to ensure agents acted in their interests. …
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Objective: Students will analyze how large governments face challenges when trying to govern distant territories. They will apply the principal-agent model, information asymmetry, and incentive-based solutions to understand why rulers often struggle to ensure that local officials act in the interests of the state. Students will compare the governance challenges faced by the Iron Throne …
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Objective: Students will analyze why trade and specialization create wealth while plunder and conquest often destroy wealth. They will apply the concepts of comparative advantage, gains from trade, and incentives to evaluate competing economic systems. Materials Needed: · Clip from Game of Thrones featuring Theon Greyjoy arguing for cooperation and trade while Balon Greyjoy advocates …
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Objective: Students will explore the concept of comparative advantage and how specialization based on relative efficiencies creates economic gains. They will analyze how individuals and nations pursuing their self-interest through specialization can lead to broader societal benefits. Materials Needed: Lesson Steps: 1. Introduction (10 minutes): 2. Viewing Clip (5 minutes): 3. Group Discussion (15 minutes): 4. …
Objective: Students will explore Adam Smith’s concept of self-interest and its role in promoting societal benefits. They will analyze how individual pursuits can lead to collective prosperity and understand the distinction between self-interest and selfishness. Materials Needed: Lesson Steps: 1. Introduction (10 minutes): 2. Viewing Clip (5 minutes): 3. Group Discussion (15 minutes): 4. Concept Application …
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Objective: Students will explore how decisions about resource allocation today can influence future production possibilities. They will analyze the tradeoffs between consumption and investment and understand how these choices drive long-term economic growth and shift the Production Possibilities Curve (PPC) outward. Materials Needed: Lesson Steps: 1. Introduction (10 minutes): 2. Viewing Clip (5 minutes): 3. Group …
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Objective:Students will explore how decisions about resource allocation today can influence future production possibilities. They will analyze the tradeoffs between consumption and investment and understand how these choices drive long-term economic growth and shift the Production Possibilities Curve (PPC) outward. Materials Needed: Lesson Steps: 1. Introduction (10 minutes): 2. Viewing Clip (5 minutes): 3. Group …
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Objective: Students will understand how economic growth leads to an outward shift of the Production Possibilities Curve (PPC). They will analyze the factors that contribute to economic growth, such as investment in capital, technological progress, and resource availability, and explore real-world examples. Materials Needed: Lesson Steps: 1. Introduction (10 minutes): 2. Viewing Clip (5 minutes): 3. …
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Objective:Students will analyze opportunity cost and marginal analysis by exploring how individuals and organizations make tradeoffs when resources are limited. They will apply these concepts to real-world decisions and evaluate their implications, including situations where decisions involve choosing the least bad of two poor options. Materials Needed: Lesson Steps: 1. Introduction (10 minutes): 2. Viewing …
Read more “Opportunity Cost and Marginal Analysis: Making Tradeoffs”