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From: Scott Wolla (misterwolla@yahoo.com)
Date: Fri Jul 25 2003 - 13:14:23 EDT

  • Next message: Virginia Crook: "[Channel-talkeconomics] Economics in the Classroom at MHS"

    Video #8
    Growth and Entrepreneurship

    Video #8 was a very thoughtful one to engage students
    in such a way to encourage them to think on a larger
    scale. I think the statements made in the video are
    true, that students believe that wealth is a right in
    America. Students believe that America is by
    definition a wealthy nation and that they have an
    inherent right to be wealthy by living here. This is
    not true; history has shown us that once great
    civilizations have fallen largely because of the
    complacency of its population. I also like the fact
    that education and investment in human capital was
    seen as one of the keys to building wealth. Students
    often see education as a rite of passage or something
    they have to do. It would be more beneficial if they
    began to view education as an investment in their

    I was impressed by the business plan activity.
    Students are often very creative and willing to work
    very hard for their money. They also have needs and
    wants like the rest of us. For that reason it seems
    only natural that they would put their skills to work.

    The last activity was very good. When the Napster case
    was in the courts and on the news on a regular basis,
    I spent a lot of time talking with students about the
    case. I found that almost every student in the class
    had either downloaded music from Napster or had a CD
    of songs that someone had downloaded for them. I was
    more than a little shocked. They felt it was fine to
    download free music (they did have an incentive that
    may have shaded their opinion a bit). They said that
    Napster exposed them to new forms of music and they
    had bought the entire CD of some of the bands they had
    heard from Napster. My suspicion is that they have
    bought far fewer CDs than they normally would have if
    Napster were not available. The activity did a good
    job of revealing the rights of artists. This activity
    would work very well I believe because it involves
    artists that they listen to on a regular basis. I also
    enjoyed the teacher’s comparison of innovation in the
    U.S. compared to countries such as Egypt and Syria
    where intellectual property rights are not protected
    to the same extent. The “brain drain” is a real thing
    and helps explain the continuing prosperity of the
    United States.

    Overall, I really enjoyed all the videos and received
    some great ideas for teaching economics in my
    classroom. I am very happy that this is available!

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