Teaching Economic Freedom with the Mystery Nations Lesson
Publication Date
6-30-2024
Abstract
Economic freedom is often overlooked in high school and college curricula and textbooks, despite its significant impact on per capita GDP and a variety of other social indicators. After introducing the Economic Freedom of the World index, this note outlines an innovative teaching lesson. By engaging students in a guessing game about the identity of different countries with known economic characteristics, the lesson highlights the critical role of economic freedom in national prosperity. The result can be a deeper understanding of this vital economic concept.
Document Type
Article
Keywords
economic education, economic freedom, property rights, rule of law
Source
SMU Cox School of Business Research Paper Series
Language
English
