Teacher's Notes

Theme:
All economic behavior comes from humans' efforts to satisfy unlimited desires with scarce resources.

Sub-theme:
Some "trade-offs", however, stem not from the basic problem of scarcuty but from social maladjustments that can be corrected.

Concepts:

• problem of scarcity
• "right wing", conservatism
• "left wing", liberalism
• natural resources
• Laissez faire
• "dismal science"

Performance objectives -- this lesson focuses on developing skills at:

• Integrating the main concepts of this entire series of lessons
• Thinking "outside the box" about conventional categories
• Using new vocabulry in a different context

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