Jan 21, 2009

Hottest Ticket in Town

That was some inauguration yesterday wasn't it? Did you watch it with your students? Hopefully you encouraged the kids to listen closely for talk about the economy. Not surprisingly President Obama's speech was heavy on econ and the many financial difficulties our country is currently facing.

If you are looking for a way to capitalize on yestereday's big event look no further than this lesson. Imagine if you were in charge of distributing the limited number of tickets to the millions of people who wanted to see the inauguration. Who would get them? How would you allocate the scarce number of tickets? Would you sell them? If so, at what price?

If it was up to me econ teachers would have first crack at the tickets!