IN THIS ISSUE

Econ-Exchange is a joint publication of the E. Angus Powell Endowement and the Federal Reserve Bank of Richmond.

Each issue of Econ-Exchange features an essay on a unique aspect of economics followed by three practical lesson plans. In this issue, Don Wentworth leads off by describing the environmental problems that occur when people treat scarce resources as if they were not scarce. Then three experienced classroom teachers share lesson plans that they have developed for their students.

Barbara Schneider shows how young students can understand that rain forests are scarce resources. Bart Baldwin uses environmental threats to the Chesapeake Bay to teach students about interdependence, choice, and opportunity cost. Kathryn Ratté uses a lesson on the preservation of endangered species to teach her students how incentives and property rights can provide solutions to environmental problems.

We hope you enjoy Econ-Exchange. We welcome your response; please send us your ideas and tell us about your economics lessons. Understanding how incentives work, the Powell Endowment may even pay you for your contribution.