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Economics Made the World Great
Overview
Economics Made the World Great is a good introduction to economics, mercantilism, free trade, tariffs, and innovation. Is life today bad? Or is it awesome? Why? What about life today is an improvement from the past? Economics Made the World Great shows changes that have taken place in the past three centuries and changes that are taking place today that have made the world better. Can it be better still? Pair with: Economics Made the World Great is a good standalone video, but it can be paired with other videos on this DVD, such as Inequality and Trade, Permissionless Society, Robots and Driverless Cars, and YouTube, as well as The Hockey Stick of Human Prosperity (another Bonus video).
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Grade level and subjects
• Recommended for grades 6-12
• Subjects: Economics
• Works in Classroom, Hybrid, and Homeschool settings
Sample discussion questions
• Why is the video called Economics Made the World Great?
• What was mercantilism? What did it do?
• What are tariffs? How do they affect prices for customers?
• What do you think permissionless innovation is?
• What can you surmise about the role of government in the improvements that have occurred in the world?
What’s in the free teacher’s guide
This printable 1-page Teacher's Guide includes a lesson description and discussion and analysis questions.
Standards alignment
Aligned to state standards — use the SITC Standards Tool to match this video to the standards in your state.