Submitted By:Michael Ryan Moore, University of Pennsylvania, GSE
Date:June 9, 2011
Subject(s):Economics, Personal Finance
Grade Level(s):9, 10, 11, 12
In this lesson, we will introduce students to several fundamental concepts, including: utility, choice, marginal cost and marginal benefit. Using the article “Christopher Bolden-Newsome: The Fight for Food Justice,” we will look at how economists understand individual choices. In particular, students will think about costs and benefits from the perspective of a local farmer’s market.