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Economic Welfare

LESSON PLAN: What is Profit? - GRADE 7-12

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

Jan 15, 2016

LESSON PLAN: Price Control - GRADE 7-12

A lesson plan on the welfare effects of price controls. Designed for middle school students, but can be adapted for high school students.

Jan 15, 2016

VIDEO: It's a Wonderful Loaf - GRADE 9-12

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

Jan 15, 2015

VIDEO: I, Pencil - GRADE 10-12

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

Jan 15, 2013

VIDEO: Tax Revenue and Deadweight Losses - GRADE 11-12

This video explains how taxation: (i) reduces economic welfare by increasing the price consumers must pay for goods, (ii) reduces the net...

Jan 15, 2012

VIDEO: What Do Prices Know That You Don't? - GRADE 11-12

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

Jan 15, 2012

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