Unit 2: Lesson 6 - Why Did Communism Collapse?

Students examine and discuss visuals to solve an economic mystery regarding the command system of the Soviet Union.

Concepts:

• Choice
• Economic Systems
• Incentive
• Command Economy
• Market Economy

• Standard #3: Allocation
• Standard #4: Incentives
• Standard #7: Markets and Prices
• Standard #8: Role of Prices
• Standard #10: Institutions

Unit 4: Lesson 20 - Why Helping Yourself Helps Others

Students examine and discuss visuals to identify an economic mystery regarding greed and self-interest. They use economic reasoning to analyze the mystery and reach a tentative explanation.

Concepts:

• Choice
• Competition
• Incentive
• Opportunity Cost
• Market Economy
• Future Consequences
• Voluntary Trade

• Standard #2: Decision Making
• Standard #3: Allocation
• Standard #4: Incentives
• Standard #8: Role of Prices
• Standard #9: Competition and Market Structure
• Standard #15: Economic Growth

Unit 5: Lesson 25 - The Economics of the U.S. Constitution

Students discuss why the American economy grew in the period following the American Revolution. After reading an essay by Douglass North and examining the U.S. Constitution, they identify the economic features of the Constitution.

Concepts:

• Market Economy

• Standard #10: Institutions
• Standard #16: Role of Government and Market Failure