I showed this article to my classes and it started a great conversation about opportunity costs, scarcity, and decision making. There is a great line about economies of scale, which my students are not there yet. I also told the students to go home and thank their parents for forgoing other things in order to give them life and raise them!
Tuesday, January 3, 2017
If you work in a school like mine, you are back today. Happy New Year! Others were fortunate enough to have this week off. Either way, if you are looking to brush up on some economic theory, this is a good article. You need little economic background to understand this, but after reading the article, you should have a good understanding of some different philosophies of the economy. Also, it is a short read. Enjoy!
Tuesday, December 13, 2016
If your students are anything like mine, they like to talk about the election and what will happen after President-Elect Trump takes office. One thing they have asked about is healthcare. Most of them do not understand what healthcare is, let alone, why it is so expensive. This video explains some of that in a fun way. I pause it at 1:54 and talk about how many mandates there are in my state, according to this video there are 58. It is also fun to introduce this by asking each student what they like on their pizza and opening up Pizzahut.com and seeing what the cost of a pizza would be if you added the toppings everyone wanted. Even though this is from ReasonTV, it presents the topic in an interesting way. the last part of the lesson is we come up with solutions as to how to curb health care costs.
Thursday, December 8, 2016
Tuesday, December 6, 2016
My wife happened across this website. It has some great pic-o-graphs about a number of economic issues. I am not sure how I would use this as an assignment, but most certainly I would use it for off-shoot issues we tend to talk about, like what an economic choice it is to have kids. I tend to talk about that when talking about opportunity cost. This is great for any level to enhance any discussion.
Thursday, December 1, 2016
There have been a number of stories, that have been showing up on Facebook and Twitter, that have been calling attention to fake news stories and sites. This push seems to be rooted in the election, though this can be connected to economics in a big way. This isn't even talking about economic illiteracy, but instead on news that could cause economic problems. Many of us and most of our students get our news from social media sites, which by design, only show us news based on our own likes and biases. It is important our students know how to tell which news is real and which is fake. Google and Facebook are even getting into the story. Here is a Wall Street Journal article related to this topic.
Monday, November 28, 2016
I really enjoyed this article on studying and the use of quizzes to do it. This quote, "“The issue with learning is, no one ever sits down and teaches you how to study" is something I start the year telling my classes. How many times have all of us heard, "I don't know why I did so poorly on the test, I studied for hours." I normally ask them how they studied and if they had all distractions, namely their phone, turned off and in the other room. If students are being honest, they normally are trying to multitask, which one cannot do while trying to study. I am going to require this article for all of my students to read at the start of next semester.