This lesson supports the Market Failure and the Role of Government section of the Advanced Placement Microeconomics curriculum. Students need to understand the conditions under which a competitive market fails to produce the socially-optimal quantity of a good or service.They also need to know what steps a government can take to correct a negative externality. This lesson appears as Lesson 2 in Unit 5: The Role of Government in CEE's [EEL-link id='5227' title='Advanced Placement Microeconomics (4th Edition)' ].
This lesson supports the Factor Markets section of the Advanced Placement Microeconomics curriculum. In this lesson, students are introduced to monopsony in labor markets. This lesson appears as Lesson 2 in Unit 4: Factor Markets in [EEL-link id='5227' title='CEE's Advanced Placement Microeconomics (4th Edition)' ].
COMPELLING QUESTION: Why do people tend to procrastinate when it comes to doing things that are good for them? Students observe a “mind” that tries to decide whether to exercise or not. They see how discounting can change a person’s intended choices and actual choices. Students learn how present bias can lead to procrastination. After the activity, students apply what they have learned and measure their own level of discounting. Finally, students discuss ways to overcome present bias and procrastination when making important financial decisions like saving for retirement.
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The teacher guide accompanies the student activities books in macro- and microeconomics for teaching college-level economics in AP Economics courses. The publication contains course outlines, unit plans, teaching instructions, and answers to the student activities and sample tests.
58 out of 58 lessons from this publication relate to this EconEdLink lesson.
This publication contains complete instructions for teaching the lessons in Capstone. When combined with a textbook, Capstone provides activities for a complete high school economics course. 45 exemplary lessons help students learn to apply economic reasoning to a wide range of real-world subjects.
45 out of 45 lessons from this publication relate to this EconEdLink lesson.
Focus: Understanding Economics in U.S. History uses a unique mystery-solving approach to teach U.S. economic history to your high school students.
40 out of 40 lessons from this publication relate to this EconEdLink lesson.