The Power of Choice: Scarcity and Incentives · Foundations of Economics
Marginal Thinking and Incentives
Analyzing how rational actors make decisions at the margin and respond to positive and negative incentives.
Key Questions
- 1How do changes in marginal costs affect individual consumer behavior?
- 2What unintended consequences might arise from a specific government incentive?
- 3At what point does the marginal benefit of an action no longer outweigh its marginal cost?
Ontario Curriculum Expectations
ON: The Economic Problem - Grade 10ON: Decision Making and Incentives - Grade 10
Grade: Grade 10
Subject: Economics
Unit: The Power of Choice: Scarcity and Incentives
Period: Foundations of Economics
Suggested Methodologies
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