Can you really own ideas? What is the value of a patent? How do patents help innovators and entrepreneurs? This lesson from the Federal Reserve Bank of St. Louis uses GeoFRED to teach about the purpose and value of patents to our economic system. After learning about innovation, students work in groups to examine patents and consider the changes they brought. They they use GeoFRED to collect and interpret data on regional innovation. Demonstrating the Distribution of Innovation and Entrepreneurship Using Patent Data and a Mapping Tool: GeoFRED Marks the Spot.
Always check out Economic Lowdown from the St. Louis Federal Reserve Bank for your curriculum needs on money, banking, entrepreneurship and so much more!
Recent Comments