Objective
Teachers will be able to:
- Learn about what makes for sound economic institutions.
- Explore how they impact the well-being of people around the globe.
Standards
In this economics webinar, analyze how various economic institutions affect national wealth and opportunities available globally.
Description
Presented by Signe Thomas and the New Jersey Council for Economic Education.
Why are some nations poor while others are prosperous? What are “economic institutions” and how do they shape incentive structures, standards of living and opportunities available in different countries?
Could economic institutions be the key to a nation’s success? How do such institutions relate to income per capita, poverty, life expectancy, political rights and civil liberties, gender inequality, educational attainment, and even happiness?
In this session, see potential answers to these questions and other learning and discussion prompts.