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Grade 9-12
,
Activity

Is it Fair?

Time: 20 mins,
Updated: November 17 2021,
Author: Council for Economic Education
Teacher Version
Objective Standards Summary Resources Procedure
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Objective

Students will be able to:

  • Describe factors influencing the decision-making process

Standards

National Standards in Economics

State Standards

Concepts

Cost-Benefit Analysis 1, Marginal Analysis 2

In this economics activity, students will examine how incentives and fairness affect human behavior.

Resources

 

Procedure

This individual activity requires students to view the video Capuchin Monkeys Reject Unequal Pay, which explores the roles of incentives and fairness in the decision-making process. After watching the video students will answer questions by completing either the Quizizz Activity or the ReadyAssessments Activity. To complete this activity, students should follow the directions below:

  1. Watch a short video clip entitled Capuchin Monkeys Reject Unequal Pay
  2. Answer these questions in either the Quizizz Activity or in the ReadyAssessments Activity.
Subjects:
Economics,,Social Studies

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