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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.

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.

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.

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.

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.

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.