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Think-pair-share: Functions of money part of Teaching Methods:Cooperative Learning:Examples

This cooperative learning activity helps students gain a deeper understanding of the three functions of money and provides practice applying those ideas to real-life items.

Impact of federal deficits part of Teaching Methods:Cooperative Learning:Examples

Based on a fable about government debt, students identify the relevance of crowding out, monetizing a debt, external debt, and stimulus spending.

Counting GDP part of Teaching Methods:Cooperative Learning:Examples

Working in small groups, students determine how 18 items are included in GDP (or if they are excluded.) Cards turned over one at a time encourage participation by all group members.

Economies of scale part of Teaching Methods:Cooperative Learning:Examples

Working in groups of three, students analyze economies of scale. Each student constructs an individual short-run ATC curve, then the three students collaborate to determine if there are economies or diseconomies of scale and to create the long run ATC.

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.