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ALTERNATIVE WAYS OF SHARING GOODS AND SERVICES
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This assignment is about exploring alternative ways of sharing goods and services and understanding the benefits, drawbacks, and implications of these methods. Students are asked to choose one of seven non-market distribution methods, such as majority rule, contests, force, first-come/first-served, sharing equally, lottery, and personal characteristics, and observe how it is implemented in real-life scenarios. They need to explain the distribution method, who benefits from it, who is excluded, and the advantages and disadvantages of using it. Students also have to find a real-life example of the chosen non-market distribution method, describe how it is used, and assess its fairness and efficiency. Lastly, they are required to include a citation and ensure their submission is no less than 180 words and comprises a list of cited works. The goal of the assignment is to better understand how goods and services are distributed and how these methods affect different groups of people.

Subject:
Cultural Geography
Economics
Finance
Marketing
Political Science
Psychology
Reading Informational Text
Material Type:
Homework/Assignment
Lesson
Module
Reading
Author:
Benjamin Troutman
Date Added:
03/13/2023
The Global Economy: It' a Small World After All
Read the Fine Print
Educational Use
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To understand why people trade, suppose you were limited to consuming only items you could find within walking distance of your house. Or, perhaps even worse, only items you could produce yourself. For most of us, this restriction would severely diminish the variety of goods and services we enjoy on a daily basis. Therefore, the simplest answer to the question is that people (or entire countries) trade because they will enjoy a wider variety of goods.

Subject:
Economics
Social Science
Material Type:
Lesson
Reading
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Page One Economics
Author:
Erin A. Yetter
Date Added:
10/09/2014
Market Basket
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Educational Use
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Students will compare the price of goods from one time period to another and through discussion and role play interpret the effects of inflation on consumers. They will categorize goods and services according to the eight major groups of the consumer price index and be able to determine the difference between the Consumer Price Index (CPI) and the core CPI.

Subject:
Business and Communication
Economics
Finance
Social Science
Material Type:
Lesson
Lesson Plan
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Economic Lowdown Lessons
Author:
Jeannette Bennett
Date Added:
10/06/2014
Money and Inflation: A Functional Relationship
Read the Fine Print
Educational Use
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They say that "money makes the world go round." Just imagine a world without money as our method of payment for everyday transactions. Without money, we would all need to barter for necessary goods and services. For example, suppose an accountant needs to have her car fixed. Under a barter system, she would have to find someone who needed some tax advice in exchange for car repairs. The search to find a barter partner is time consuming and wasteful. Money solves this problem and many others. Read more about the three main functions of money and the damaging effects of too much inflation on these functions in the March 2013 issue.

Subject:
Economics
Social Science
Material Type:
Lesson
Reading
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Page One Economics
Author:
Scott A. Wolla
Date Added:
10/09/2014
Monopolistic Competition
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Educational Use
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Teaching market structures in a microeconomics class? These slides present graphs related to monopolistic competition, the market structure in which there are many firms that produce similar, but not identical, products and there are few barriers to entry. The slides illustrate firms' short-run decisions.

Subject:
Economics
Social Science
Material Type:
Lesson
Lesson Plan
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Economic Lowdown Lessons
Date Added:
10/06/2014
Monopoly
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Educational Use
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Teaching market structures in a microeconomics class? These slides present graphs related to monopoly, the market structure in which there is only one producer of a good or service and there are high barriers to entry. The slides illustrate firms' short-run decisions.

Subject:
Economics
Social Science
Material Type:
Lesson
Lesson Plan
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Economic Lowdown Lessons
Date Added:
10/06/2014
Piggy Bank Primer: Saving and Budgeting
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Educational Use
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Through a story and activities, the student book introduces students to economic concepts such as saving, spending, budgeting, wants, goods, services and opportunity cost.

Subject:
Business and Communication
Economics
Finance
Social Science
Material Type:
Lesson
Lesson Plan
Reading
Student Guide
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Economic Lowdown Lessons
Date Added:
10/09/2014