Unintended Consequences
Learning Objectives Materials Needed Lesson Procedure 1. Introduction (10 minutes) 2. Video Clip (10 minutes) 3. Class Discussion (30 minutes) 4. Group Presentations (10 minutes) 5. Conclusion (5 minutes) Optional Extensions
Exploring Monopolies with Craster’s Keep
Learning Objectives Materials Needed Lesson Steps 1. Engage (5 minutes) 2. Explore (15 minutes) Discussion Questions (Post-Video): 3. Explain (10 minutes) Use the whiteboard or presentation to explain: Assessment Extension Opportunity:Have students research a real-world monopoly and compare it to Craster’s Keep. This can include industries like tech, healthcare, or utilities.
Positive vs. Normative Economics
Objectives: Materials: Procedures: Introduction (5 minutes): Instruction (20 minutes):
Understanding Opportunity Costs
Objectives: Materials: Procedures: Introduction (5 minutes): Instruction (30 minutes): Optional Discussion Questions Educator could Include in a Worksheet: Conclusion (10 minutes): Follow-Up Activity: Assign students to identify a significant decision they have made recently and describe the opportunity costs involved. Have them write a brief reflection or present their analysis in the next class.
Mixed Strategy Nash Equilibrium Using Game of Thrones
Objectives: Materials: Procedures: Introduction (5 minutes): Instruction (30 minutes): Conclusion (10 minutes): Follow-Up Activity: Assign students to find a real-world example where players use mixed strategies (e.g., business pricing strategies, sports tactics). Have them prepare a brief analysis of the strategies and potential equilibria to share in the next lesson.
Currency in Game of Thrones
Objectives: Materials: Procedures: Introduction (5 minutes): Instruction (30 minutes): Discussion Questions for Worksheet: Conclusion (10 minutes): Follow-Up Activity: Assign students to research a historical or modern-day alternative to traditional currency (e.g., cryptocurrency, shells, tobacco) and prepare a brief presentation on how it functions as money. Encourage them to compare its effectiveness to that of gold …
Understanding Bargaining
Objectives: Materials: Procedures: Introduction (5 minutes): Instruction (30 minutes): Discussion Questions for Worksheet: Conclusion (10 minutes): Follow-Up Activity:
Understanding Production Possibilities Frontier and Investments
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 …
Read more “Understanding Production Possibilities Frontier and Investments”
Understanding Loans and Interest
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 …
Understanding Supply and Demand
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 …