Teacher resources and professional development across the curriculum

Teacher professional development and classroom resources across the curriculum

Monthly Update sign up
Mailing List signup
Video Main Page Taking a Workshop Support Materials Broadcast Schedule Channel Talk

The Economics Classroom
About the Workshops

Workshop Descriptions

About the Teachers


Project Contributors

Production Credits

Site Map

Video Main Page  
Support Materials  

From: Scott Wolla (misterwolla@yahoo.com)
Date: Thu Jun 26 2003 - 13:49:30 EDT

  • Next message: Scott Wolla: "[Channel-talkeconomics] video #2 - Why Markets Work"

    I enjoyed this video, but especially enjoyed the first
    activity - the value of private property in a market
    economy. I found this to be a perfect companion to the
    activity in Video #1 - The Tragedy of the Commons. The
    video does a good job of giving students a grip on
    self-interest and greed and how those negative
    character qualities are harnessed by the market system
    to ensure a positive outcome - what Adam Smith called
    the "invisible hand" of the marketplace which guides
    resources to their most valued use and encourages
    people who act out of selfish motives, but in the
    process do that which is necessary to cause economic
    growth and progress.

    I also liked the adaptation of the market activity to
    included price ceilings and price floors. Once again
    these are concepts which are a little abstract for
    some students - but the simulation makes the concept
    concrete and accessible for everyone. It is easy to
    see how they can create shortages and surpluses.

    - Scott Wolla

    Do you Yahoo!?
    SBC Yahoo! DSL - Now only $29.95 per month!

    Channel-talkeconomics mailing list

    You may un-subscribe from this email list at any time by using the online form at the above URL. If you have difficulty using this form, please send email to Channel-talkeconomics-admin@learner.org and our mailing list administrator will assist you. Our privacy policy is posted online at: http://www.learner.org/about/privacy_policy.html



    © Annenberg Foundation 2017. All rights reserved. Legal Policy