Thursday, June 30, 2011

Bastiat's "The Seen and the Unseen" and "The Broken Window Fallacy" explained in a short video. Does it get any better than that?

Please go HERE for the text that accompanies this video. Only read the first part on "The Seen and the Unseen" and "The Broken Window Fallacy".

This is the first assignment I give in AP Economics (Both Macro and Micro). I like to thread the "seen" and "unseen" theme throughout the semeter. I think it underscores the concept of opportunity cost and helps students become better critical thinkers. I also find it is one concept students NEVER seem to forget!

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