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Externalities in the cashmere market: Colbert Report interview part of Teaching Methods:Interactive Lectures:Examples
In this interactive lecture, students watch a video clip from The Colbert Report that addresses pollution externalities. Students graph the market and use the write-pair-share technique, then brainstorm ways to move the market to the socially efficient equilibrium.
The Economics of Drug Legalization: A Double Entry Journal part of Teaching Methods:Interactive Lectures:Examples
The activity is designed to be an interative lecture segment during a larger interactive lecture class period. The technique demonstrated through this example is a double entry journal.
Interactive lecture on diminishing marginal product: tennis ball production part of Teaching Methods:Interactive Lectures:Examples
In this interactive lecture, students "produce" tennis balls with fixed capital and increasing labor, generating a production function. Students calculate the marginal product of each work and discover that marginal product falls as the number of workers rises.
Using Note-Taking Pairs to Enhance Understanding of Difficult Concepts (such as Income and Substitution Effects) part of Teaching Methods:Cooperative Learning:Examples
A variation of the think-pair-share technique is used to reinforce understanding of the income and substitution effects associated with a price change.
A Send-a-Problem Exercise for Applying Labor Force Participation Models to Popular Press Articles part of Teaching Methods:Cooperative Learning:Examples
Send-a-problem exercise used to link economic theory covered in a labor economics course with related trends exemplified in a popular press article.
Think-Pair-Share: Analyzing changes in supply & demand and predicting impacts on equilibrium part of Teaching Methods:Cooperative Learning:Examples
An exercise designed to facilitate understanding of supply and demand shifts as well as impacts on market outcomes with follow up exercises covering these and related concepts.
Send-a-problem: Making the connection between data and models part of Teaching Methods:Cooperative Learning:Examples
The send-a-problem activity helps students make a connection between real world data and theoretical models.
Using Cooperative Peer Editing to Develop Effective Economic Research Questions part of Teaching Methods:Cooperative Learning:Examples
Students engage in peer editing and cooperative discussion to enhance research questions based on criteria designed to generate effective economic research questions.
Making Rational Decisions in Economics - The Role of Sunk and Marginal Costs part of Teaching Methods:Just in Time Teaching:Examples
This JiTT exercise uses a real-life example to pose a question to students about the nature of "rationality" as typically used in economics. In this case, the focus is on fixed vs. marginal costs and the ...
JiTT - Fighting Recession: 2009 part of Teaching Methods:Just in Time Teaching:Examples
This is a JiTT exercise in which students apply introductory-level macroeconomic analysis to the question of how large the stimulus package put forward to Congress in early 2009 needed to be to close the ...