Economic Growth and Freedom in the Coming Millennium
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Economic Growth and Freedom in the Coming Millennium

        

Economic Growth and Freedom in the Coming Millennium

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This lesson plan and its linked article help students to understand the basic incentive structure economic systems provide. Students will 1) engage in a simulation that demonstrates the ?Tragedy of the Commons?; 2) understand that different incentives create different results in the economy; and 3) explain how an economic system based on private ownership and free markets provides incentives to manage resources wisely and creates better likelihood of prosperity.
Material Type: Drill and Practice
Date Added to MERLOT: October 23, 2001
Date Modified in MERLOT: May 03, 2002
Author:
Submitter: Cathy Swift

Details

  • Reviewed by members of Editorial board for inclusion in MERLOT.
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About

Primary Audience: College General Ed
Mobile Compatibility: Not specified at this time
Language: English
Cost Involved: no
Source Code Available: no
Accessiblity Information Available: no
Creative Commons: unsure

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