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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.
Financial Value of Customer Satisfaction: Using a Lifetime Value Calculator part of Teaching Methods:Interactive Lectures:Examples
This online lifetime value calculator quickly demonstrates the financial value of a satisfied customer.
Teaching Local Economic Development Using Problem-Based Service Learning part of Teaching Methods:Service Learning:Examples
University Economic Impact Analysis: Applying microeconomic tools and concepts part of Teaching Methods:Service Learning:Examples
Teaching Economics:Student-based Instruction part of Teaching Methods:Service Learning:Examples
College students in an intermediate micro-economic theory class teach economic concepts to elementary school students.
Learning by Teaching part of Teaching Methods:Service Learning:Examples
In this service learning project, college students work in groups of three to prepare a 55-minute interactive lesson on one of the topics listed on the syllabus and team teach the lesson to students at a local high school.
Service Learning Research part of Teaching Methods:Service Learning:Examples
Students will produce a report for a local non-profit organization in which they will evaluate the effectiveness of vocational training in improving the labor market opportunities for non-college bound youths. The report will be used by the organization when applying for grants.
Understanding Poverty and Income Distribution through Community Service part of Teaching Methods:Service Learning:Examples
Students volunteer at any one of a variety of community agencies that serve low-income populations to better understand the underlying issues of poverty and income distribution in their community.
Understanding Macroeconomic Statistics: Country Profile Project part of Teaching Methods:Quantitative Writing:Examples
This project, appropriate for principles of macro students, provides students with the opportunity to use collect and present real world data pertinent to macro concepts such as GDP, economic growth, unemployment and inflation. A short quantitative writing assignment reinforces interpretation skills.
Using State-Level Data to Study Nominal and Real GDP, Part 1GDP Deflators and Inflation Rates part of Teaching Methods:Quantitative Writing:Examples
Calculation of state-level GDP deflators and inflation rates "Using FRED" section.