Economic Systems

This lesson requires two class periods. In the first class period, students are asked to think of a way to decide who gets 100 pennies...

This video describes what is meant by the term 'Free-Market Capitalism.' LINK

An exercise to help students understand what profit is. Suitable for grades 7-12.

A video about the wonder of market coordination through prices. For grades 9-12. LINK

A video explaining how market prices aggregate information across the entire economy, allowing market actors to make rational decisions...

A video explaining Leonard E. Read's 1958 essay "I, Pencil", which describes the seeming miracle of economic cooperation brought about by...

Lesson plan demonstrating the advantages of using the free market to organize economic activity. For grades 10-12.

An exercise to help students understand the differences between Traditional, Market, and Command economic systems and how each operates....

Celebrated economic historian Dr. Stephen Davies recounts economic growth over the past 200 years (a 10-fold increase in average global...

A video demonstrating how market prices usefully summarize relevant economic information that would be unobtainable to market actors by...