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Resources


Grumbling 8: Ya Gotta Have Goals
The first two lessons should be about goals and human capital. No Econ course should begin without students recognizing why they are in the class.

Jim Charkins


Grumbling 7: California Prices: You Didn’t Have to Be So Crude
"I just returned from a trip to North Carolina and gas prices there were much lower. Why?”

Jim Charkins


Grumbling 6: Less is More and Longer Lasting
Julia and I agreed on two things. 1. The longer we teach, the less we teach.

Jim Charkins


Grumbling 5: Human Capital
Every student has a bundle of knowledge, skills, experience, and personal qualities that is unique.

Jim Charkins


Grumbling 4: A Primer on Tariffs
What I’m about to tell you is not a political statement; it is simply a collection of facts.

Jim Charkins


Grumbling 3: Economics and Personal Finance
Yes, you CAN have your cake and eat it too! I live in a small mountain town named Rightwood, so named because everyone in the town thinks...

Jim Charkins


Grumbling 2: The Easter Bunny Got Greedy
My neighbor Ed was at it again. He’s not much of a thinker in normal times but the increase in chocolate Easter bunny prices drove him a...

Jim Charkins


1: What is Economics
Economics: a method for deciding how to use scarce resources to achieve goals Principle #1: People choose; there is no such choice as a...

Jim Charkins


2: Human Capital
Human Capital: The combination of skills, knowledge, experience and personal qualities that help to achieve goals Principle 3: Skills,...

Jim Charkins


3: Benefit Cost Analysis
Making Informed Decisions: a skill for life Principle #1: People choose; there is no such choice as a free choice. Objectives: Identify...

Jim Charkins


4: Thinking at the Margin
Principle 4: People usually decide at the margin (Give a little; get a little) Objectives: Distinguish total decisions from marginal...

Jim Charkins


5a: Incentives, Property Rights, Resources
Principle #5: People respond to incentives: there are often unintended consequences. Objectives: Identify the incentives and...
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5b: Incentives: Perverse Incentives, Unintended Consequences
Principle #5: People respond to incentives; there are often unintended consequences Objectives: State and give examples of the Law of...

Jim Charkins


6a: Two Principles of Exchange
Principle #4: Voluntary and informed exchange benefits the traders. Objectives: Give examples of two principles of exchange Why do you...

Jim Charkins


6b: Specialization in Production
Principle #4: Voluntary and informed exchange benefits the traders Objectives: Identify the tradeoff between efficiency and...

Jim Charkins


6c: Money facilitates exchange by reducing transaction costs.
Principle 4: Voluntary and informed exchange benefits the traders. Objectives: Define mutual coincidence of wants Define and give...

Jim Charkins


7a: The Market System
Principle 6: Markets work well with competition, the rule of law, information, property rights, and incentives. Objectives: Define a...

Jim Charkins


7b: Buyers and Sellers come together
Principle 6: Markets work well with competition, the rule of law, information, property rights, and incentives. Objectives: State and...

Jim Charkins


7c: Relative Price and Relative Scarcity
Principle #6: Markets work well with competition, the rule of law, information, incentives, and property rights. Objectives: Recognize...

Jim Charkins


8a: Determinants of Demand and Supply
Principle 6 Markets work well with competition, the rule of law, information, incentives, and property rights Objectives List some events...

Jim Charkins
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