Warning: Undefined array key "PANTHEON_ENVIRONMENT" in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/mu-plugins/disable-plugins-in-development.php on line 8

Deprecated: Return type of CsvLine::offsetExists($offset) should either be compatible with ArrayAccess::offsetExists(mixed $offset): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 43

Deprecated: Return type of CsvLine::offsetGet($offset) should either be compatible with ArrayAccess::offsetGet(mixed $offset): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 52

Deprecated: Return type of CsvLine::offsetSet($offset, $value) should either be compatible with ArrayAccess::offsetSet(mixed $offset, mixed $value): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 59

Deprecated: Return type of CsvLine::offsetUnset($offset) should either be compatible with ArrayAccess::offsetUnset(mixed $offset): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 68

Deprecated: Return type of CsvLine::current() should either be compatible with Iterator::current(): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 89

Deprecated: Return type of CsvLine::next() should either be compatible with Iterator::next(): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 97

Deprecated: Return type of CsvLine::key() should either be compatible with Iterator::key(): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 105

Deprecated: Return type of CsvLine::valid() should either be compatible with Iterator::valid(): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 113

Deprecated: Return type of CsvLine::rewind() should either be compatible with Iterator::rewind(): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 125

Deprecated: Return type of CsvReader::current() should either be compatible with Iterator::current(): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvReader.php on line 81

Deprecated: Return type of CsvReader::next() should either be compatible with Iterator::next(): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvReader.php on line 89

Deprecated: Return type of CsvReader::key() should either be compatible with Iterator::key(): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvReader.php on line 101

Deprecated: Return type of CsvReader::valid() should either be compatible with Iterator::valid(): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvReader.php on line 109

Deprecated: Return type of CsvReader::rewind() should either be compatible with Iterator::rewind(): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvReader.php on line 117
Ethics, Economics, and Social Issues: Is Efficiency Ethical? - EconEdLink
Notice: Function wpdb::prepare was called incorrectly. The query argument of wpdb::prepare() must have a placeholder. Please see Debugging in WordPress for more information. (This message was added in version 3.9.0.) in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-includes/functions.php on line 6031

Celebrate #FinLitMonth with us by finding ideas for you and your students!


Warning: Undefined variable $resource in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/themes/econ-ed-link/modules/hero-single/hero-single.php on line 23
Grade 9-12, Higher Education
,
On-Demand Webinar

Ethics, Economics, and Social Issues: Is Efficiency Ethical?

Time: 60 mins,
Presenter: Stephen Day
Teacher Version
Objective Standards Description Resources
Print

Objective

After completing this lesson teachers will be able to:
  • Describe how efficiency and ethics relate.
  • Explain how conflicting ethical visions can make economic analysis difficult.
  • Integrate ethical thinking into marginal analysis.

 

Standards

State Standards


Deprecated: Function get_page_by_title is deprecated since version 6.2.0! Use WP_Query instead. in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-includes/functions.php on line 6031

Concepts

Decision Making/Cost-Benefit Analysis, Incentives, Income, Income Distribution, Opportunity Cost, Public-Choice Analysis

Warning: Undefined variable $not_restrict in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/themes/econ-ed-link/modules/oembed/oembed.php on line 10

This video is available to view for EconEdLink members only.

Description

First, teachers play the role of a doctor who is trying to choose who gets scarce medicine and having to make decisions about efficiency. Teachers will learn how both positive and normative statements can be used to make decisions. Next, they analyze the effects a casino could have on jobs and other outcomes for a city. Lastly, they analyze the effects of ethical considerations on their own purchasing decisions. The lesson helps students understand both the power and the limits of economic analysis.

Resources

Subjects:

Warning: Undefined array key "a:3:{i:0;s:1:"7";i:1;s:1:"4";i:2;s:2:"15";}" in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/themes/econ-ed-link/lib/data/resource.php on line 367

Related Resources

Grades 3-5

Teach Producers and Consumers using Sloth and Squirrel in a Pickle

This economics and personal finance lesson takes students through the process of producing a good to sell to a fictional...
Key Concepts: Consumers, Income, Producers

Warning: Undefined variable $show_date_time in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/themes/econ-ed-link/modules/card-post/card-post.php on line 130
60 mins
Lesson

Grades 9-12

Can We End Housing Insecurity?

Students compare the economic costs and benefits of helping people who are experiencing housing insecurity and consider the ethical implications.
Key Concepts: Decision Making/Cost-Benefit Analysis, Role of Government

Warning: Undefined variable $show_date_time in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/themes/econ-ed-link/modules/card-post/card-post.php on line 130
90 mins
Lesson

Grades K-2, 3-5

Decision Making with "Sam and the Lucky Money"

Using the children's book, "Sam and the Lucky Money", students learn about Chinese New Year and practice decision-making skills using...
Key Concepts: Decision-Making Grid, Opportunity Cost

Warning: Undefined variable $show_date_time in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/themes/econ-ed-link/modules/card-post/card-post.php on line 130
30 mins
Activity

Grades 9-12

Should Private Companies Operate Prisons?

Students analyze and rank the four general goals of corrections to help them determine their personal beliefs about what prisons...
Key Concepts: Incentives, Opportunity Cost, Profit…

Warning: Undefined variable $show_date_time in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/themes/econ-ed-link/modules/card-post/card-post.php on line 130
60 mins
Lesson