Starting Point: Teaching and Learning Economics > Teaching Methods > Context-Rich Problems > Examples

Examples

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Explicit and Implicit Costs of Education: Context Rich Problem part of Examples
Students are faced with advising a roommate about the costs and benefits of continuing with their education. Specifically, students are asked to apply the concepts of explicit and implicit costs to a real world scenario.

Comparative statics: impact of corn price increase (Context Rich Problem) part of Examples
Students use comparative statics to determine the effects of corn price increases on related markets.

Choosing output quantity under perfect competition (Context Rich Problem) part of Examples
The problem presents students with information about price, average costs and marginal costs for a vegetable farm. To answer the questions, students must apply the P=MC decision rule for perfect competition.

Tutoring Service and Price Discrimination Context-Rich Problem part of Examples
Students are asked to apply what they learned in class to a real life scenario question.

Airline Revenues: Supply and Demand (Context Rich Problem) part of Examples
An exercise that has students translate an economic event described in the newspaper into representation in a supply and demand diagram

Increase in Minimum Wage: Perplexing Result? (Context Rich Problem) part of Examples
An exercise that has students translate an economic event described in the newspaper into representation in a supply and demand diagram

Sandwiches and Elasticity Context-Rich Problem part of Examples
Students are asked to apply what they learned in class to a real life scenario question.

Elasticity and Total Revenue: Context Rich Problem part of Examples
Context rich problem allowing students to apply elasticy of demand concepts.

Tariff Context Rich Problem part of Examples
This context rich problems allows students to apply concepts such as efficiency and surplus in the context of lowering tariffs.

Movement along vs. shift of demand curve: Water chlorination (Context Rich Problem) part of Examples
This context-rich problem asks students to distinguish between a movement along a demand curve and a shift of a demand curve for a price-inelastic product: water chlorination in Kenya.

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