The entire global economy boils down to two people: a buyer and a seller. And the system works best when the seller has the buyer's best interests at heart. But even if the seller is acting strictly in his own interest, good things happen—we get what we want!
Over 200 years ago, a Scottish philosopher named Adam Smith came up with revolutionary ideas about how things work. Those ideas are easy to see in the world around us.
Visit a bakery in Scotland to witness supply and demand, and to learn how businesses know the prices at which they can sell their products and what they should offer customers. Then go to eBay to see the Invisible Hand in action, showing how economic systems can self-regulate without a "Man of Systems" micro-managing every transaction, and how trust and reputation are critical to sellers.
What's Included in a Lesson:
Discover the comprehensive resources included in our The Invisible Hand lesson:
- Student video viewing guide (with a note-taking section and 4 thematic questions)
- Video Lesson
- Lesson activity one
- Online formative assessment
- Lesson activity two
Our carefully designed lesson components work together to create an engaging and immersive learning experience, promoting critical thinking, and academic growth. From thought-provoking preview questions and informative video lessons to interactive activities and assessments, each element supports your students' understanding of key concepts and encourages meaningful discussions. Explore the richness of our Virtual International Field Trip lessons and inspire your students to embark on an exciting educational adventure that will broaden their perspectives and ignite their curiosity.
Lesson Presentation:
Select the preferred format for your lesson plan and access the interactive content designed to enrich your teaching experience.
Lesson Resources:
Our comprehensive Lesson Resources section includes an Educator How-To-Use Guide, providing step-by-step instructions and strategies for seamless lesson implementation. Engage your students with the Student Viewing Guide, which focuses their attention on key concepts and promotes active learning during the video lesson. Extend the learning experience with Lesson Activity One and Lesson Activity Two, offering interactive exercises that reinforce understanding and encourage critical thinking. With these carefully crafted resources at your fingertips, you'll have everything you need to create a dynamic and immersive educational journey for your students.
Online Formative Assessment:
Each lesson has an 11-question formative assessment, ten multiple choice questions, and one written response that will test your students' general understanding of the video. This can be done in class with technology or issued for homework.
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