“Chaos is a Ladder: Creative Destruction in Economics”

by Nicholas ScarmozzinoLesson PlansPosted on Comments are Disabled

Objective: Students will understand the concept of creative destruction and analyze its effects on industries, careers, and economies. They will evaluate how chaos can present opportunities and challenges within evolving markets and organizational structures.  Materials Needed:  Lesson Steps:  1. Introduction (10 minutes):  2. Viewing Clip (5 minutes):  3. Group Discussion (15 minutes):  4. Concept Application (10 …

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200 Years Without Economic Growth in Westeros

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Objective: Students will analyze the factors that contributed to the stagnation of economic growth in Westeros through the lens of the three key sources of growth: factors of production, technological effectiveness, and stable institutions. They will apply economic models (Solow Growth Model and Production Possibilities Model) to evaluate these factors and propose solutions.  Materials Needed:  Lesson …

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Exploring the Broken Window Fallacy through Game of Thrones’s Prince Doran Martell

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Learning Objectives: Materials Needed Lesson Steps 1. Engage (5 minutes) Show the Broken Window Fallacy – Prince Doran video 2. Explore (15 minutes) Discussion Questions (Post-Video): 3. Explain (10 minutes) Use the whiteboard or presentation to explain: 4. Elaborate (15 minutes) Activity: Group Discussions or Think-Pair-Share After students work together, ask some groups to share …

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Unintended Consequences

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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

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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.

Understanding Opportunity Costs

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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

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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

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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 …

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