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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.
JiTT in Introduction to Demand Analysis part of Teaching Methods:Just in Time Teaching:Examples
Activity reinforcing the factors that shift a market demand curve.
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 ...
Economic Statistics: Hypothesis Testing part of Teaching Methods:Just in Time Teaching:Examples
This activity helps a student recognize the consequences of Type I and Type II errors in hypothesis testing.
Principles of Economics: understanding opportunity cost, comparative advantage, and absolute advantage part of Teaching Methods:Just in Time Teaching:Examples
In principles of economics students many times have trouble understanding the concept of opportunity cost, connecting opportunity cost to comparative advantage, and differentiating between absolute advantage and comparative advantage. This activity allows the instructor to detect whether a large number of students exhibit any of these misconceptions, and then focus on the most problematic concepts in class.
Monetary Policy and the FOMC part of Teaching Methods:Just in Time Teaching:Examples
Describing and analyzing monetary policy from FOMC press releases.
Introducing money: a just-in-time teaching activity part of Teaching Methods:Just in Time Teaching:Examples
In this just-in-time activity, students submit responses before class to demonstrate their ability to use concepts from a textbook reading on money. In-class follow-up activities are recommended.