Teacher resources and professional development across the curriculum

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The Economics Classroom
About the Workshops

Workshop Descriptions

1. How Economists Think
2. Why Markets Work
3. The Government's Hand
4. Learning, Earning, Saving
5. Trading Globally
6. The Building Blocks of Macroeconomics
7. Monetary and Fiscal Policy
8. Growth and Entrepreneurship

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Workshop Descriptions
 
Workshop 1. How Economists Think
In a good economics course, students learn the economic way of thinking, rather than a definite set of conclusions. This first workshop presents some of the key ideas that constitute an economic way of thinking.

Workshop 2. Why Markets Work
This session employs simulations and exercises to illustrate key concepts of the market -- the foundation of a free market system - with special emphasis on the interplay of supply and demand. Students will learn that the laws of supply and demand are critical to understanding not only economics, but other aspects of human behavior as well.

Workshop 3. The Government's Hand
This session explores the intervention of the government in the free market. Classroom activities include property rights, public policy and price controls. The government's hand often produces surprising or unintended outcomes, and economists consider the incentives offered, how others will react, and what the inevitable tradeoffs will be.

Workshop 4. Learning, Earning, Saving
Learn basic personal finance and arm students with sound, practical advice to formulate and reach their own financial goals. This session reveals the truth about millionaires, the power of compound interest and how investment in education pays off. A stock market simulation illustrates investment concepts.

Workshop 5. Trading Globally
Explore the global economy - why and how nations trade with one another. Meet some of the major players in the international market and find out how protectionism can have unintended consequences. Topics include where goods come from, absolute and comparative advantage, and an introduction to the international nature of trade.

Workshop 6. The Building Blocks of Macroeconomics
Macroeconomics looks at the economy as a whole, including inflation, recession, unemployment, economic growth, and gross domestic product (GDP). In this session lectures, simulations and exercises help explain these great forces and show how they affect the lives of everyone.

Workshop 7. Monetary and Fiscal Policy
Learn how the government controls demand with fiscal policy - affecting tax and spending - and monetary policy - through the Federal Reserve, interest rates, and the banking system. See how the government uses these tools to try to bring stability to the market.

Workshop 8. Growth and Entrepreneurship
This session explores how innovation and entrepreneurship can flourish in and enliven a free-market economy. This workshop examines what makes countries rich, presents a class of young entrepreneurs and a discussion of patents and copyrights, using the Napster case as an example.



 

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