From Public to Private — Non-excludable, Non-rival Goods

Overview:

During this lesson, students will learn about public and private goods. First, students are introduced to the economic terms rivalry and excludability, classifying examples of each. Next, students will think about public goods through the article “Raising the Bar: The Role of ‘Social Information’ in Charitable Giving.” Finally, based on their reading, students will create business plans for one specific public good: namely, public radio.

NBEA Standard(s):
  • Economics, II. Economic Systems
  • Economics, VII. The Role Of Government

Lesson Plan Details:

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