From: Scott Wolla (misterwolla@yahoo.com)
Date: Tue Jun 17 2003 - 13:35:47 EDT
Next message: Scott Wolla: "[Channel-talkeconomics] video #2 - Why Markets Work"
I enjoyed the video program. I plan to use the Tragedy
of the Commons in my unit on Public and Private goods.
When giving examples, I plan on using Chickens as an
example of a private good - the reason there are
millions of chickens is that they are private property
and people have an incentive to ensure that their
population increases rapidly over time. It certainly
is not because they are smarter or are equipped by
nature with special survival skills.
I also enjoyed the exercise in trade and measuring and
comparing the level of satisfaction that results after
each round of trade. It is a great example of the
benefits of free trade and reasons for taking down
trade barriers. My only concern with this exercise is
that I teach 5 sections of Economics and usually have
over 100 hundred students. I don't have the money to
prepare 100+ bags of trade goods each semester. I can
tell that students that they cannot keep the trade
items, but that takes some of the incentive out of the
exercise. Any suggestions or comments????
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