Keystone Economic Principles

These nine Keystone Economic Principles™ will help energize your curriculum.

  1. We all make choices
  2. The TANSTAAFL™ principle (There Ain’t No Such Thing As A Free Lunch!).
  3. All choices have consequences.
  4. Economic systems influence choices.
  5. Incentives produce “predictable” responses.
  6. Do what you do best, trade for the rest.
  7. Economic thinking is marginal thinking.
  8. Quantity and quality of resources impact living standards.
  9. Prices are determined by the market forces of supply and demand and are constantly changing.

Keystone Economic Concepts – Each principle has associated economic concepts and terminology that helps with evaluating real-world situations in economic terms.

Keystone Economic Principles™ booklet – The booklet comes with classroom posters suitable for hanging to illustrate each principle. Click here to order copies of Keystone Economics Principles.

Keystone Economic Principles™ DVD – Donna Broughton is a former project manager with the Powell Center for Economic Literacy and is one of the authors of the booklet, Keystone Principles. Click here to order a DVD of Donna’s teachings on the nine principles. These DVDs will be a great addition to your training materials as you prepare your teachers to infuse economics into your existing curriculum.