Who knew that so many of the hilarious moments from Monty Python and the Holy Grail would be perfect for illustrating one of the most important concepts in economics: marginal analysis. In the second video of this fantastic series, your class members will learn about making decisions based on increments and the need to re-evaluate our decisions so we can react appropriately to changes and perceived benefits/costs.

Additional Tags

marginal benefit, marginal cost, social studies

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Classroom Considerations

• This video is hosted on YouTube

Pros

• Highly entertaining and informative video
• Well-chosen scenes to illustrate economic concepts

Cons

• Note: Consider stopping after various clips in the video to evaluate the economic concept being discussed

Common Core

RH.11-12.2 RH.11-12.7