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Thinking Like an Economist Worksheets: Episode 4, "Incentives & Optimal Choice"

Thinking Like an Economist Worksheets: Episode 4, "Incentives & Optimal Choice"
Thinking Like an Economist Worksheets: Episode 4, "Incentives & Optimal Choice"
Thinking Like an Economist Worksheets: Episode 4, "Incentives & Optimal Choice"
Thinking Like an Economist Worksheets: Episode 4, "Incentives & Optimal Choice"
Thinking Like an Economist Worksheets: Episode 4, "Incentives & Optimal Choice"
Thinking Like an Economist Worksheets: Episode 4, "Incentives & Optimal Choice"
Thinking Like an Economist Worksheets: Episode 4, "Incentives & Optimal Choice"
Thinking Like an Economist Worksheets: Episode 4, "Incentives & Optimal Choice"
Product Description
Make economics come to life with these 28 questions that guide students through Episode 4 of "Thinking Like an Economist," a 12-part video series from the Great Courses


Thinking Like an Economist helps make economics concepts crystal clear to a high school audience by providing students with real-world anecdotes and examples that perfectly illustrate key concepts and bring them fully to life. Using resources as diverse as bumper sticker slogans and the rules of wrestling, Professor Randall Bartlett shows how economic concepts surround us all the time. Once students have seen a few episodes of this fantastic series, they'll achieve the promise of the title and start thinking like economists themselves!


ABOUT THESE THINKING LIKE AN ECONOMIST WORKSHEETS

Each episode lasts 30 minutes, and even though they're extremely engaging, some students may have trouble paying sustained attention. That's where these worksheets come in. You can use them to hold students accountable either during viewing or afterwards as a quiz.


DIFFERENTIATION AT YOUR FINGERTIPS

Teachers need options, and this worksheet set gives you an important one: All questions are provided in either multiple choice or free response format.

You can use the multiple choice economics worksheet as a basic level activity, reserving the free response variant for an advanced level or extra credit activity. Both versions have the same questions in the same order, so all students will be addressing the same learning targets. Plus, you can have just one review and debrief session this way, going over the material in a whole-class format if you wish, even though the lesson was differentiated!

Note: A few questions differ slightly between the two versions so that all the free response questions can reasonably be answered.


CONVENIENCE FEATURES IN THIS THINKING LIKE AN ECONOMIST WORKSHEET SET

--- All questions are in video order so that students can easily follow along, using the worksheets during viewing.
---Both worksheets can also be used after viewing if desired, functioning as a Thinking Like an Economist quiz or test.
--- Fast-correct answer keys are provided for both the multiple choice and free response versions of the questions.
--- Full context answer keys are also provided for both, giving teachers questions and answers on the same page. These are helpful for guiding discussions and going over answers together with the class.


ABOUT EPISODE 4 OF THINKING LIKE AN ECONOMIST: A GUIDE TO RATIONAL DECISION-MAKING

Episode 4 focuses in on the rights and rules that govern human interactions, analyzing how these rules can function to produce good results for society -- and how they can also misfire to produce terrible results that damage the environment, waste resources, and make everyone involved worse off. The question becomes: how to design incentives that will lead to positive instead of negative outcomes!

Episode 4 include ideas found in the first few chapters of most Econ textbooks: incentives, incentives that backfire, the Prisoner's Dilemma, rationality, how people are motivated by self-interest, the Invisible Hand, private property rights, and many others. Episode 4 develops these concepts by exploring a number of scenarios, including how to prevent over-fishing / protect the world's fisheries and how to fairly deal with issues such as shade trees on property A preventing sunlight from reaching solar panels on property B. These are great scenarios that allow teachers to stop the video and explore the alternative solutions & their ramifications with the class!

The whole idea is to help students build up a mental tool kit that can help them make better decisions in a multitude of situations throughout their adult lives.


WHERE TO GET THE VIDEOS THAT GO WITH THESE WORKSHEETS

The 12-episode "Thinking Like an Economist: A Guide to Rational Decision-Making" series is available online from the Great Courses. It goes on deep discount sale at least once a year. At this time, the price can fall drastically, making it really affordable for a resource that can occupy more than two full weeks of class time, year after year, making the discipline of economics much more accessible to the non-specialist in the field.

The videos are available in several formats, including downloadable files you can play from your computer as well as traditional DVDs.

Click the link below to visit the Thinking Like an Economist: A Guide to Rational Decision-Making page at the Great Courses website:

Thinking Like an Economist: A Guide to Rational Decision Making


LOOKING FOR MORE THINKING LIKE AN ECONOMIST WORKSHEETS?

Thinking Like an Economist Episode 1 Worksheet: The Economist's Tool Kit
Thinking Like an Economist Episode 2 Worksheet: Three Core Concepts
Thinking Like an Economist Episode 4 Worksheet: Incentives and Optimal Choice


LOOKING FOR EVEN MORE ECONOMICS VIDEO WORKSHEETS?

My Crash Course Economics worksheets series is very popular and is another great option. You can get worksheets for the entire series by downloading the two bargain bundles listed below:

BARGAIN BUNDLE OF FIFTEEN EPISODES: Crash Course Economics Quizzes or Worksheets for Episodes 1-15
BARGAIN BUNDLE OF TWENTY EPISODES: Crash Course Economics Quizzes or Worksheets for Episodes 16-35


Or, you might prefer smaller sets of Crash Course Economics Worksheets:

Crash Course Economics Quizzes or Worksheets for Episodes 1-5
Crash Course Economics Quizzes or Worksheets for Episodes 6-10
Crash Course Economics Quizzes or Worksheets for Episodes 11-15
Crash Course Economics Quizzes or Worksheets for Episodes 16-20
Crash Course Economics Quizzes or Worksheets for Episodes 21-25
Crash Course Economics Quizzes or Worksheets for Episodes 26-30
Crash Course Economics Quizzes or Worksheets for Episodes 31-35



LOOKING FOR CRASH COURSE WORKSHEETS FOR OTHER SOCIAL STUDIES SUBJECTS?

Click here to have a look at my entire " Crash Course Worksheets" Category!


Happy teaching!

Elise Parker



Keywords: trade, ownership, compensation, contracts, incentives, responsibility
Total Pages
15 pages
Answer Key
Included
Teaching Duration
1 hour
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