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Sweatshops and Opportunity Cost

Wednesday, April 14, 2021
3:30 pm4:30 pm

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 Synder

Target audience: High school educators

Upon successful completion, participants will receive:
1 hour of professional development credit
$10 Walmart eGift card
Classroom resources from ACRE