SYLLABUS (Roadmap)

EDUCATION STANDARDS:

  • How is economics about scarcity, investment, growth, employment, competition, protection, entrepreneurship, and markets? 
  •  What is capitalism? What are its benefits and problems
  •  What does it mean to be economically LITERATE
  •  How do worldwide markets EFFECT me? 

I – ECONOMISTS (a “common core:)

ECONOMICS SURVEY

video (15 minutes) and reaction (write)

ECONOMIST QUOTES – QUIZES

Adam Smith

MiltonFriedman

Thomas Sowell

Karl Marx

F.A. Hayek

Keynes

QUOTES QUIZ (40 questions)

QUOTES JEOPARDY GAME 1

ECON-o-CATION – “ECON-o-CHISMS”

SOCIALIST STREET – EPISODE #1 – The Neighborhood (Our Econ-Neighbors)

II “INTERESTS” (the problem)

video – MARXIST MYTHOLOGY – “Wrong and Wrong-er”

“FEEDING CATS CORN” …

“INTERESTS” are an INTRINSIC PART of HUMANITY …

CAPITALISM vs COMMUNISM

SUPPLY – the Morality of More (un-equal) vs “Logic of Less”

WALLET TEST #1(simulation) – Capitalism

1995 Harvard Health Study: MAKE $50,000 (others $25k) vs MAKE $100,000 (others $200k)

COMMON SENSE vs COLLECTIVE NON-SENSE

video (15 minutes) and quiz (35 questions)

MORE (wealth – common sense) vs LESS (poverty – collective NON-sense)

Wallet Test #2 (simulation) – Communism

BLESSINGS (UN-equal) VS BURDENS (equal)

INDIVIDUALITY (persons) vs COLLECTIVE (“the people”)

SMITH VS MARX 

video (15 minutes) and quiz (30 questions)

Reaction – Write

INTERESTS UNLEASHED

video – (15 minutes) & quiz (30 questions) 

ENTERPRISE vs ENVY

video (15 minutes) and quiz (30 questions)

altruism (“happiness”) vs alienation “misery”)

EQUALITY AND ENVY

Socialist Street – Episode #3 – Enterprise (makers) vs Envy (takers)

Helping (invisible) HANDS Enterprise (altruism) vs Covet-ous CLAWS ENVY (alienation)

SUPPLY: SCARCITY vs SURPLUS

WEALTH (the morality of more) vs POVERTY (the ‘logic” of less)

LEVEL-ing – LOBSTER SYNDROME – equality in MISERY

IDOL of EQUALITY; PARETO PRINCIPLE

MAKE $50,000 (others $25k) vs MAKE $100,000 (others $200k)

Socialist Street – Episode #3 – “Bolshevik Bernie and Bankrupt Bonita”

LEVEL-ing (equality in misery)

GOD of GOVERNMENT

BLESSINGS (UN-equal – pursued) vs BURDENS (equal – provided) 

SWIMMING POOL – BUCKET (redistribution vs rewards)

PROFIT (“Invisible Hand”) vs POWER (“Iron Fist”)

COMMERCE (free) vs CONTROL (fascist-“fair”)

“PROFIT PIMPS” vs “POWER PIGS”

INVISIBLE HAND vs IRON FIST (economic profit vs political power)

III – “SYSTEMS” (institutions)

COSTS, CHOICES and CONSEQUENCES (Econ-o-Chism)

ROLE of GOVERNMENT?

INVISIBLE HAND vs IRON FIST

VIDEO – BOULDERS (taxes) and MOUNTAINS (regulations)

MINIMUM WAGE – Opportunities vs Outcomes

“SOCIALIST STREET”

Episode #4 – Opportunity vs Equality (the Minimum Wage)

MINIMUM WAGE – Opportunities (start) vs Outcomes (finish)

Episode #5 – ZERO SUM GAME (“Alienation”) vs RISING TIDE (“Altruism”)

SOCIALISM: TWO SIMULATIONS

SWIMMING POOL – BUCKET vs HOSE

SUPPLY and STIMULUS 

A SOCIALIST SANDWICH … 

cooperation … coercion … collusion

customers … comrades … cartels

COOPERATION (altruism – free) vs COERCION (alienation – forced)

PICKING “WINNERS and LOSERS”

LOVE YOUR NEIGHBOR” (“persons”) vs “YOUR NEIGHBOR’s KEEPER” (“the people”)

Episode #6 – “SYSTEMS” – Capitalism (malls), Communism (gulags), Fascism (“camps”)

WALLET TEST #3 – Citizens-Customers … Comrades … Collusion

LOVE YOUR NEIGHBOR” (altruism-“persons”) vs “YOUR NEIGHBOR’s KEEPER” (alienation-“the people”)

‘PROFILES in PROFIT” – “SOCIALIST RE-EDUCATION CAMP”

Th FISH TEST – PROVIDING a FISH (passive) vs LEARNING to FISH (pro-active)

Episode #7 – “EXPLOITATION” and “OPPRESSION”

“PROVISION” (supply) and POWER

video – SOCIALISM – “exploitation” and “oppression”

“With CAPITALISM, man exploits man; under COMMUNISM, it’s the EXACT OPPOSITE” – John Kenneth Galbraith – JFK economist

VIRTUE (benefit “oppressed”) vs VICE (punish “oppressor”)

ALTRUISM (prevent oppressION) vs ALIENATION (punish oppressOR)

helping “worker” like O.J. “loved” Nicole

Episode #8 – DEBT BOMB 

LITERACY TEST #1

IV – MARKETS

How do WORLDWIDE MARKETS EFFECT me? 

GLOBAL vs LOCAL 

Episode #9 – MARKETS – “MY PENCIL” (“Your Mouse”)

STOCK MARKET SIMULATION

BUILD a BUSINESS PROJECT

Episode #10 – EPILOGUE-CONCLUSIONS