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Where Do I Begin? Using Think-Pair-Share to Initiate the Problem Solving Process part of Teaching Methods:Cooperative Learning:Examples
This exercise uses the Think-Pair-Share technique to initiate the problem-solving process. It focuses on a common first step in economic problem solving: identifying relevant and irrelevant information.

Exploring and Explaining Determinants of Supply and Demand: Utilizing the Think-Pair-Share Technique part of Teaching Methods:Cooperative Learning:Examples
This is a two-part activity that implements an extension of the "think-pair-share" cooperative learning technique to study the determinants of supply and demand through hypothetical and real world examples.

The US economy during your lifetime part of Teaching Methods:Interactive Lecture Demonstrations:Examples
Students predict the best graphical representation of US real GDP/capita during the last twenty years, choosing from graphs showing: cyclical decline, cyclical change with no net change, cyclical increase, or erratic wide fluctuations. Using actual US data, students graph real GDP/capita to find out the actual pattern: a rising series with periodic dips, not a flat series, a falling series, or a highly erratic series as students often predict. Students then reflect on why this pattern is often misunderstood and why it may not fully describe the well-being of the US population.

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.

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