Abstract

http://ssrn.com/abstract=1648567
 
 

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Scarcity and Non-Scarcity in a Non-Market Economics Model


Edward M. Scahill


University of Scranton - Department of Economics

June 29, 2010


Abstract:     
This article describes a model that can be used to introduce basic economic concepts to children at the K-8 grade levels and lay a foundation for the later study of markets and prices. The model focuses on non-market environments, such as homes and schools, where people first experience economic decision making. In the model sunk costs provide an explanation for the observation of non-scarcity situations which are seldom considered and more rarely explained in textbooks and K-12 teaching lessons. In fact, non-scarcity situations often occur in non-market environments. The utility of the non-scarcity economics model is magnified by the commitment most states have made to establishing economics standards at the K-8 grade levels.

Number of Pages in PDF File: 12

JEL Classification: A21, I20

working papers series


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Date posted: July 26, 2010  

Suggested Citation

Scahill, Edward M., Scarcity and Non-Scarcity in a Non-Market Economics Model (June 29, 2010). Available at SSRN: http://ssrn.com/abstract=1648567 or http://dx.doi.org/10.2139/ssrn.1648567

Contact Information

Edward M. Scahill (Contact Author)
University of Scranton - Department of Economics ( email )
Scranton, PA 18510-4602
United States
570-941-4187 (Phone)
570-941-4825 (Fax)
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References:  8

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