Ethics and Economics
From Business to Government - Where Ethics and Economics Meet
The Ethics and Economics Summer Program encourages students to consider the tradeoffs that ethical leaders must consider when determining the economic needs of society.
What happens when ethics and economics meet? Some say they don’t. Others say they can’t. Still others say they won’t. We say they do.
The Ethics and Economics program supports participants as they broaden their awareness of ethical issues surrounding business and financial best-practices, and their overall impact on the economy at large. Students consider values such as fairness, justice and empathy while also weighing opportunity costs, scarcity risks and consequences.
During this week-long program, students will engage in thinking ethically about economics. Each day will feature a guest speaker, including leading economists, government officials and experts in the industry. As the participants learn about the complexities of an economy, they will apply that knowledge as a leader of a society that they will create along the way. Students will:
- Consider tradeoffs, understanding opportunity cost
- Explore land, labor and capital in terms of scarcity
- Compare and analyze competing viewpoints
- Understand that all economies are built on three questions:
- What goods and services are produced?
- Who produces them?
- Who consumes them?
At the end of the week, students will be able to :
- Apply the Ethical Decision-Making Method to complex economic situations
- Understand key economic principles, including tradeoffs, scarcity, inflation, goods and services, supply and demand, revenue and markets
- Determine the best economic system for a society, given its priorities
- Create an ethical economy
DATES: Stay tuned for 2024 programming.
Participants who enroll are asked to commit to the full program.
WHO: The program is open to rising 9–12 grade students, both KPS and non-KPS students. This program is coed and capped at 20 participants.