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

# Sandwiches and Elasticity Context-Rich Problem

This material is replicated on a number of sites as part of the SERC Pedagogic Service Project

#### Summary

In this scenario-based problem, students are asked to apply what they know about elasticity and supply and demand to address a concern of a small business in a real life setting.

## Learning Goals

Students will apply what they learned about elasticity and recall their knowledge in supply and demand to solve a common problem a small business may face in the real world.

## Context for Use

This activity can be used in a college level Principles of Microeconomics class of any size. You can choose to give the assignment outside of class as homework or in class either as an individual assignment or part of an exam or as a group work where students solve the problem in pairs and the class comes together as a whole afterwards to discuss the solution. If conducted in class, roughly 10-15 minutes will be needed.

## Description and Teaching Materials

The text of the problem can be downloaded as a Word document here: Elasticity Context-Rich Problem (Microsoft Word 2007 (.docx) 11kB Mar27 12)

## Teaching Notes and Tips

• The activity is typically given after elasticity has just been discussed in class, at which point supply and demand had already been studied earlier in the term.
• It might be necessary to remind the students, especially if it is the first time students are exposed to this type of problem, that the audience be very clear in the answer. The response should not be written as an exam or homework essay, but as if they are actually talking to the person in the scenario.
• This activity can also be done more informally using think-pair-share.
• The problem can vary in technicality by asking students to graph and calculate the answer in addition to explaining their solution in plain language.

## Assessment

• The problem can check for students' ability to recall and combine their learning at different points in the term to solve a real world issue.
• Students should be able to not only respond to the problem but defend their answer with logic and concrete economic reasoning.

## References and Resources

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