Category: Lesson Plans

Objective: Students will analyze the labor-leisure tradeoff and the role of intrinsic (nonmonetary) compensation in career and life decisions. They will examine how individuals weigh financial incentives against personal values, fulfillment, and time.  Materials Needed:  Lesson Steps:  1. Introduction (10 minutes):  2. Viewing Clip (5 minutes):  3. Group Discussion (15 minutes):  4. Concept Application (20 minutes):  …

Read more “Labor vs. Leisure: Tradeoffs and Intrinsic Motivation”

Objective: Students will analyze the concepts of callable loans, refinancing, and sovereign debt, exploring how these financial instruments impact borrowers and lenders in terms of risk, strategy, and long-term economic implications.  Materials Needed:  Lesson Steps:  1. Introduction (10 minutes):  2. Viewing Clip (5 minutes):  3. Group Discussion (15 minutes):  4. Concept Application (20 minutes):  5. Wrap-Up …

Read more “Managing Debt: Callable Loans, Refinancing, and Sovereign Debt”

Objective: Students will explore the role of reputation and underlying creditworthiness in securing credit. They will analyze how these factors influence borrowing costs, availability, and the broader financial implications for individuals, corporations, and governments.  Materials Needed:  Lesson Steps:  1. Introduction (10 minutes):  2. Viewing Clip (5 minutes):  3. Group Discussion (15 minutes):  4. Concept Application (20 …

Read more “Reputation and Credit- The Weight of Trust in Financial Markets”

Objective: Students will explore the concept of coalition bonds as a metaphor for trust-based investments, analyzing how trust, risk, and the cost of broken promises influence financial and economic outcomes.  Materials Needed:  Lesson Steps:  1. Introduction (10 minutes):  2. Viewing Clip (5 minutes):  3. Group Discussion (15 minutes):  4. Concept Application (20 minutes):  5. Wrap-Up and …

Read more “Coalition Bonds and Investment Trust”

Objective: Students will understand the distinction between investment and speculation, analyze the risks and rewards of each, and evaluate how these strategies influence individual and institutional decision-making.  Materials Needed:  Lesson Steps:  1. Introduction (10 minutes):  2. Viewing Clip (5 minutes):  3. Group Discussion (15 minutes):  4. Concept Application (20 minutes):  5. Wrap-Up and Reflection (10 minutes):  …

Read more “Investment vs. Speculation: Strategy, Risk, and Reward”

Objective: Students will explore the concept of callable bonds, analyze the benefits and risks for both issuers and investors, and understand the strategic decisions surrounding their use.  Materials Needed:  Lesson Steps:  1. Introduction (10 minutes):  2. Viewing Clip (5 minutes):  3. Group Discussion (10 minutes):  4. Concept Application (20 minutes):  5. Wrap-Up and Reflection (10 minutes):  …

Read more “Understanding Callable Bonds: Flexibility and Risk”

Objective: Students will explore the concept of path dependency and how historical institutions, such as slavery, influence economic development and persist over time. They will analyze the challenges and opportunities in breaking away from entrenched systems.  Materials Needed:  Lesson Steps:  1. Introduction (10 minutes):  2. Viewing Clip (5 minutes):  3. Group Discussion (10 minutes):  4. Concept …

Read more “Path Dependency and Economic Institutions”

Objective: Students will analyze how insurance markets function, explore the benefits and challenges of insurance, and evaluate how risk is managed in economic systems.  Materials Needed:  Lesson Steps:  1. Introduction (10 minutes):  2. Viewing Clip (5 minutes):  3. Group Discussion (15 minutes):  4. Concept Application (15 minutes):  5. Wrap-Up and Reflection (10 minutes):  6. Activity/Homework (15 …

Read more “Understanding Insurance: Risk, Benefits, and Market Dynamics”

Objective: Students will evaluate the efficiency of government and private spending, analyzing the trade-offs, benefits, and inefficiencies associated with each. They will apply these concepts to real-world and fictional examples.  Materials Needed:  Lesson Steps:  1. Introduction (10 minutes):  2. Viewing Clip (5 minutes):  3. Group Discussion (10 minutes):  4. Concept Application (20 minutes):  5. Wrap-Up and …

Read more ““Government vs. Private Spending: Efficiency and Trade-Offs” “

Objective: Students will analyze the role of licensing and credentials in the economy, evaluating their benefits and costs for individuals, businesses, and society as a whole.  Materials Needed:  Lesson Steps:  1. Introduction (10 minutes):  2. Viewing Clip (5 minutes):  3. Group Discussion (10 minutes):  4. Concept Application (20 minutes):  5. Wrap-Up and Reflection (10 minutes):  6. …

Read more “The Costs and Benefits of Licensing in the Economy”