EconExperiments
- Equity & Efficiency
| Discussion forum--- Please leave your valuable comments or questions here! | |||
| Concepts & Keywords Illustrated: | |||
|
|
Equity | ||
|
|
Efficiency | ||
|
|
Pareto-efficiency | ||
|
|
Pareto-inefficiency | ||
| Brief description: | |||
|
|
Students are asked to write down either 1 or 5 on the piece of paper on their own. They can receive candies equal to the number they have written down only if four or less than four members of the class have written down 5. | ||
|
|
Students discover that Pareto-efficiency does not ensure equality. | ||
Teaching Materials:
| Teaching Materials |
Format
|
|
|
||
2) Teaching Plan (Chinese) |
||
|
||
|
||