Tag Archives: markets

DUAL Economics Module 3: Supply, Demand & the Price System

Return to Modules Objectives: Demonstrate how prices can guide individual behavior and continually change incentives of buyers and sellers in markets Illustrate Adam Smith’s idea of “the invisible hand” and F.A. Hayek’s idea of “spontaneous order.” Discuss exchange, voluntary cooperation, and … Continue reading

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DUAL Economics Module 2: Markets, Consumers & Producers

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(go back to Modules list) Objectives: Define markets, scarcity, and economic systems Describe the “Law of Demand” and the “Law of Supply” Introduce the concept of market equilibrium  Reading For This Module: From “Introducing Economics through a Collection of Free … Continue reading

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