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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.

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.

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.

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 ...

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.

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 ...