Jim Charkins
Grumbling 3: Economics and Personal Finance
Yes, you CAN have your cake and eat it too! I live in a small mountain town named Rightwood, so named because everyone in the town thinks...
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Resources
Jim Charkins
Grumblings 2: The Easter Bunny Got Greedy
My neighbor Ed was at it again. He’s not much of a thinker in normal times but the increase in chocolate Easter bunny prices drove him a...
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Jim Charkins
1: What is Economics
Economics: a method for deciding how to use scarce resources to achieve goals Principle #1: People choose; there is no such choice as a...
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Jim Charkins
2: Human Capital
Human Capital: The combination of skills, knowledge, experience and personal qualities that help to achieve goals Principle 3: Skills,...
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Jim Charkins
3: Benefit Cost Analysis
Making Informed Decisions: a skill for life Principle #1: People choose; there is no such choice as a free choice. Objectives: Identify...
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Jim Charkins
4: Thinking at the Margin
Principle 4: People usually decide at the margin (Give a little; get a little) Objectives: Distinguish total decisions from marginal...
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mrgf32
5a: Incentives, Property Rights, Resources
Principle #5: People respond to incentives: there are often unintended consequences. Objectives: Identify the incentives and...
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Jim Charkins
5b: Incentives: Perverse Incentives, Unintended Consequences
Principle #5: People respond to incentives; there are often unintended consequences Objectives: State and give examples of the Law of...
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Jim Charkins
6a: Two Principles of Exchange
Principle #4: Voluntary and informed exchange benefits the traders. Objectives: Give examples of two principles of exchange Why do you...
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Jim Charkins
6b: Specialization in Production
Principle #4: Voluntary and informed exchange benefits the traders Objectives: Identify the tradeoff between efficiency and...
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Jim Charkins
6c: Money facilitates exchange by reducing transaction costs.
Principle 4: Voluntary and informed exchange benefits the traders. Objectives: Define mutual coincidence of wants Define and give...
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Jim Charkins
7a: The Market System
Principle 6: Markets work well with competition, the rule of law, information, property rights, and incentives. Objectives: Define a...
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Jim Charkins
7b: Buyers and Sellers come together
Principle 6: Markets work well with competition, the rule of law, information, property rights, and incentives. Objectives: State and...
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Jim Charkins
7c: Relative Price and Relative Scarcity
Principle #6: Markets work well with competition, the rule of law, information, incentives, and property rights. Objectives: Recognize...
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Jim Charkins
8a: Determinants of Demand and Supply
Principle 6 Markets work well with competition, the rule of law, information, incentives, and property rights Objectives List some events...
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Jim Charkins
8b: Moving Markets
Principle #6: Markets work well with competition, the rule of law, information, incentives, and property rights. Objective: Determine the...
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Jim Charkins
8c: Marginal Market Incentives
Learning Objective Provide examples of marginal pricing that influences the use of scarce resources Why you want to learn this This...
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Jim Charkins
8d: Missing Markets
Principle 6: Markets work well with competition, the rule of law, information, property rights, and incentives Standards: 12.2 Students...
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Jim Charkins
8e: Price Floors and Ceilings
Principle 6: Markets work well with competition, the rule of law, information, property rights, and incentives Principle 7: Public...
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Jim Charkins
9a: Labor Markets – Make Yourself Scarce
Principle 3: Skills, knowledge, experience and personal qualities (human capital) influence the ability to achieve goals. Principle 6:...
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