Sweatshops and Opportunity Cost Webinar
One of the most controversial topics in economics but also one where the economic way of thinking is most clearly revealed. Why might an economist think that sweatshops could be good? Individuals work in places with working conditions we find hard to imagine and for pay we’d never even consider. In this module we’ll look at the concept of “opportunity cost,” the next best option that we all give up whenever we make a choice. Teachers will see how sweatshop conditions compare to the other options people in poor countries have and be invited to think about how having more “bad” options can be better than having less.
Presenter: Dr. Tom Snyder, UCA, ACRE
Upon successful completion, participants will receive:
1 hour of PD Credit
Out of Poverty: What Works When Traditional Approaches Fail by Paul Polak