Microeconomics Lesson on the Economics of COVID-19
Marginal Revolution University’s Externalities and Incentives: The Economics of COVIDis a short video that focuses on the positive externality of the COVID-19 vaccine and includes a set of practice questions. The video is free to download or view online. As a bonus, it is embedded within an overall lesson on positive and negative externalities and serves as a relatable real-world example for students at the high school level. The website provides a transcript of the video, which has subtitles in a number of languages, including Spanish, Chinese, and Arabic. Teacher resources include two assignments related to the video. Additionally, a four-day unit builds mastery of how GDP is calculated and why it is a vital measure of economic health, and a five-day unit on supply, demand, and equilibrium engages students with a variety of videos, games, and interactive exercises.
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