Lesson Details

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
  • Future Consequences
  • Incentive
  • Market Economy
  • Opportunity Cost
  • Voluntary Trade
Standards:
  • 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

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