The Global Economy: It's a Small World After All
In this course, designed for grades 9-12, you will meet Jack Of All Trades, a most awesome superhero. In all tasks, Jack can do everything better and faster (he has absolute advantage), but does that mean he must do everything while the rest of the people stand around helplessly? Find out if justice is served when a formerly idle citizen, Andy, wades through the depths of opportunity cost and the benefits of comparative advantage. This course is also available for whiteboard (SMART/.notebook).
Federal Reserve Bank of St. Louis,
Economic Lowdown Podcast, Vol. 1, #1.
By Scott Wolla
This episode of The Economic Lowdown will introduce three topics in economics: choice, scarcity and opportunity cost.