So Expensive Series - Insulin
The creators of insulin famously sold their patents for $1, stating it should belong to the world. Why has it become so expensive?
After a drug has been on the market for 20 years it typically loses patent protection, allowing competitors to create generic versions and driving down prices. Unfortunately, this has not been the case for this life-saving treatment. Discuss this with your students in NGPF's new activity series based on Business Insider's web series: So Expensive.
Students will watch a video about a specific product or service, identify the specific factors of production that impact its price, and dig deeper by answering a few thought-provoking questions.
So Expensive: Insulin
We hope this activity will help you provide your students with engaging topics to help sharpen personal finance and economics skills.
Have questions or comments? Reach out to email@example.com
Looking for more ways to introduce economics into your personal finance classroom? Check out NGPF’s Econ Collection!