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What's the best payment? part of Teaching Methods:Interactive Lecture Demonstrations:Examples
After predicting which of two earnings streams has the highest currrent value, students use a discounted values table to compare the two earnings streams, discovering that earlier earnings has higher value and that ...

Understanding money: Where is most of my money? part of Teaching Methods:Interactive Lecture Demonstrations:Examples
This activity uses an Interactive Lecture Demonstration to help students understand the definition of money in a modern economy. Starting with the common misconception that money is coins and currency, the ...

Which U.S. President generated the highest budget deficits? part of Teaching Methods:Interactive Lecture Demonstrations:Examples
Students compare budget deficits and surpluses generated between 1969 and 2008 measured in nominal terms and then as a percentage of GDP.

What is the opportunity cost of attending class? part of Teaching Methods:Interactive Lecture Demonstrations:Examples
Students calculate the opportunity cost of attending one class. The exercise reinforces learning about implicit, explicit and total opportunity costs.

Shape of the demand curve part of Teaching Methods:Interactive Lecture Demonstrations:Examples
A classroom auction reveals reservation prices and a demand curve for an introductory economics course.

The unemployment rate for the class part of Teaching Methods:Interactive Lecture Demonstrations:Examples
After predicting what the unemployment rate will be for students in the class, a confidential survey modeled on the Current Population Survey questions is used to gather data about each student's employment. Students use this data to measure the class unemployment rate and then assess its accuracy.

Monopoly gas station part of Teaching Methods:Interactive Lecture Demonstrations:Examples
Students predict then calculate and graph profit-maximizing the price for an isolated, desert monopoly gas station.

Price elasticity of demand survey part of Teaching Methods:Interactive Lecture Demonstrations:Examples
Students survey class members to estimate the price elasticity of demand for a number of goods and services.

Law of Diminishing Marginal Returns part of Teaching Methods:Interactive Lecture Demonstrations:Examples
An ILD to help demonstrate the Law of Diminishing Marginal Returns using an experiment.

Total Revenue and Price Elasticity of Demand: ILD part of Teaching Methods:Interactive Lecture Demonstrations:Examples
This ILD helps students to understand the relationship between total revenue and price elasticity of demand.

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