Last week, WVFA Staff attended a reception and dinner at the conclusion of a course designed for K-12 classroom teachers with little (or no) previous background in economics by Division of Forestry and Natural Resources West Virginia University. The course introduces participants to the principles of economics using West Virginia's forest products industry to provide examples. The course annually focuses on the following ideas:
• How economic incentives predictably influence human behavior
• The role of competitive markets and market prices in coordinating economic activity
• The importance of free trade in increasing a nation's income
• Solving environmental problems with market-based approaches and property rights
• The major sources of economic growth and progress
• The proper role of government in a market economy
• Why good economics isn’t always good politics
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