Objective
In this webinar teachers will be able to:
- Explain the three main economic questions faced by every society.
- Discuss the types of economic systems and how they allocate resources.
- Determine the economic incentives provided by markets in each system and describe how the government affects those incentives.
Standards
Concepts
Description
In this webinar, teachers will examine the three basic economic questions and how answering those questions leads societies closer to their economic goals. We will investigate how a varying degree of government involvement in economic systems and how choices are made regarding scarce resources. Teachers will be introduced to activities they can use with students, including ready to use games using EdTech tools!