Running in Place
Unit Description:
This is BIE's shortest and simplest PBE unit, and it is useful for introducing the problem based learning process as well as basic economic concepts. It can also be adapted for middle school students. In Running In Place students are asked to explain and illustrate the relationship between producers and consumers of shoes to a man who wants to start a new business. As students solve the problem they consider the fractor market - including how, where, and by whom shoes can be produced - and the product market, including how shoes are marketed and to whom. As a result, students discover Who makes economic decisions within a free market society? and are introduced to the issues surrounding How are goods produced?
Time Required:
1 - 3 days
