Segway' to the Future
http://www.econedlink.org/lessons/index.cfm?lesson=EM283&page=teacher
A lesson plan for Grades 10–12 Economics
About this resource
- Appropriate grades
- 10–12
- Provider
- National Council on Economic Education
Legal
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This EconEdLink lesson plan focuses on entrepreneurship and choices. In this lesson, students will explain how Dean Kamen, inventor of the Segway human transporter, fits the definition of an entrepreneur and inventor. They will conduct a benefit/cost analysis of the Segway compared to the automobile. They will analyze some of the social and legal implications of the Segway. After examining the major implications of the Segway, they will decide if Dean Kamen is truly an entrepreneur and innovator.
North Carolina Curriculum Alignment
Social Studies (2003)
Grade 10 — Economics and Civics
- Goal 7: The learner will investigate how and why individuals and groups make economic choices.
- Objective 7.01: Describe the basic factors of production such as land, labor, capital, and entrepreneurial skills and their impact on economic activities.
- Objective 7.03: Compare examples of tradeoffs and opportunity costs of economic choices.
- Goal 8: The learner will analyze features of the economic system of the United States.
- Objective 8.08: Evaluate the investment decisions made by individuals, businesses, and the government.
Grades 11–12 — Economics
- Goal 1: The learner will demonstrate the role of economic choices within a market economy.
- Objective 1.02: Explain the condition of scarcity and relate the concept of scarcity to choice, opportunity costs, and tradeoffs.
- Objective 1.03: Identify and explain broad economic and social goals.
