The following is from a class by FTE.org (Foundation for Teaching Economics). It is a class mainly for economic teachers how to teach economics to students.
Participants learn that:
- People respond to incentives
- Voluntary exchange provides mutual gains
- Profits attract entrepreneurs
- Competition encourages efficiency
- Private property rights are essential in free societies
- The fact of scarcity necessitates some form of rationing
- Opportunity cost is the real cost of what we choose
- Inflation depends on the money supply
- Choices can cause negative effects
- Economic change is inevitable
Posts
No comments:
Post a Comment