ALLOCATION: Students will understand that: Different methods can be used to allocate goods and services. People acting individually or collectively must choose which methods to use to allocate different kinds of goods and services.
Students will be able to use this knowledge to: Evaluate different methods of allocating goods and services, by comparing the benefits and costs of each method.
INCENTIVES: Students will understand that: People usually respond predictably to positive and negative incentives.
Students will be able to use this knowledge to: Identify incentives that affect people's behavior and explain how incentives affect their own behavior.