Objectives: EFL focuses on how markets work
Participants learn that
- People respond to incentives
- Voluntary exchange provides mutual gains
- Profits attract entrepreneurs
- Competition encourages efficiency
- Private property rights are essential in free societies
- The fact of scarcity necessitates some form of rationing
- Opportunity cost is the real cost of what we choose
- Inflation depends on the money supply
- Choices can cause negative effects
- Economic change is inevitable
In addition, leadership training:
- Fosters a greater understanding of self-potential
- Improves the ability to work in groups and teams
- Develops an awareness of group dynamics
- Teaches the value of diverse leadership styles
- Demonstrates the worth of individuals with differing talents
- Facilitates reflective learning that can be applied to real life situations
- Increases confidence in decision-making
- Promotes a commitment to good citizenship
Morning Economics Seminars
- Allow teachers to observe outstanding economics instruction
- Encourage teachers to participate with students in simulations to take back to their own classrooms
Afternoon Workshops
- In-depth examination of economic concepts
- Question and answer sessions on the economic perspective of current events and issues
- Demonstration and debriefing of classroom activities
- Group work in developing new classroom activities
Evening Activities
- The chance to interact with outstanding high school students in joint teacher-student simulations
- Time to interact with colleagues
- Social and recreational activities
- Plenty of free time