Scroogenomics: The Economics of Gift Giving
Presenter: Lesley Mace, Outreach Senior Advisor
Presented in cooperation with the Federal Reserve Bank of Atlanta
Gift giving is an important part of holiday celebrations across all countries and cultures, so why do some economists say it’s an inefficient custom that wastes both money and time? This webinar will introduce a classroom activity to answer that question, as well as unique ways to teach fundamental economic concepts such as opportunity cost, supply and demand, incentives, deadweight loss, and fiscal policy with a familiar ritual that can be understood by all students. Topics will also include the economic impact of holiday spending, international comparisons, holiday budgets, and the footprint of international trade and specialization.
Alabama teachers receive a one-hour CEU certificate and a $25 stipend.
Wednesday, December 7
4:30 to 5:30 pm
This workshop is provided through the support of