Download Unit 4 Lesson 5 Role of Incentives

Unit 4: Exploring
Economics
Lesson 5: Role of Incentives
Review
What are some techniques your
parents use to get you to do what they
want you to do such as clean your
room or do your homework?
Examples: Allowance or taking away
TV Time
We will now categorize our techniques as
either positive or Negative.
Positive +
Negative -
Incentives
• Techniques we listed are examples of
incentives.
• Incentives are rewards or penalties that
are used to encourage people to behave
in certain ways.
Economic Incentives
• Economic incentives usually involve
money.
• What techniques that we listed, involve
money?
Task
• You will now
complete the “
Incentives and You”
Chart
• Describe examples of
positive and negative
incentives used at
home and at school.
• Jot down at least 3
EXAMPLES In each
box!
Identifying Positive Incentives
• You will now work with a group to identify positive
incentives in 4 historical ads.
• Record your answers on the sheet provided.
Negative Economic Incentives
•Negative economic incentives are also used to
influence people’s choices and behavior.
•We will now work with the same group you did when
you identified positive incentives.
•You will work together to identify the negative
economic influences shown on the sheet as well as
how they are likely to influence a persons behavior.
Task
• You will now get a copy
of a scenario
• Read the scenario and
identify the economic
incentives described in the
scenario.
• Determine if they are
positive or negative and
how they influenced Mr.
Jones’ behavior.
• Use a highlighter as you
read to highlight
economic incentives.
Discussion
•What positive incentives were described?
•How did they influence Mr. Jones’ behavior?
•What negative incentives were described?
•How did they influence Mr. Jones’ behavior ?
•How might an incentive for a discount on one
item at a store lead to a consumer purchasing
other items from the store?
•What other kinds of positive incentives do
businesses use besides coupons and
discounts?
Project – “ Incentives Search”
• You will now be gathering information about incentives
from newspapers, observations in the community,
interviews with people, and other resources.
• Search the resources for examples of economic incentives
and cut them out.
• Also look for incentives in the community, such as signs
in the window, coupon offers, offers of free items, etc.
• Record examples of the incentives you find on the
“Incentives Chart”
Incentives Ad
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We will now make our own incentive Ad’s.
Each ad must have either a positive or a negative incentive.
Be Creative.
We will share at the end!
Word Cards in S.S. Folder!
• Cut out and glue word card 24 in your social Studies
folders on lined paper. 
• When you have finished your cutting and gluing, may
write the definitions on a SEPARATE lined sheet of
paper.
• Hold on to your word cards and definitions until your
next vocabulary quiz.