Materials Contributed through SERC-hosted Projects
Game Theory Context-Rich Problem part of Starting Point: Teaching and Learning Economics:Teaching Methods:Context-Rich Problems:Examples
This consists of a short essay to be written by students after watching the West Wing episode "Hartsfield's Landing." In it, students are asked to help a friend to understand the content of the show using the basic components of non-cooperative game theory and the prisoner's dilemma. Students will use the game theoretic concepts of strategic interaction and non-cooperative behavior to write a short letter explaining the episode.
Marginal Analysis Context-Rich Problem part of Starting Point: Teaching and Learning Economics:Teaching Methods:Context-Rich Problems:Examples
In this problem, students consider the benefits of reduced tray usage in school cafeterias by comparing the cost savings of having to clean fewer trays against the opportunity cost of increased labor and energy costs to clean the cafeteria after meals. Students will calculate marginal benefits and marginal costs of reducing trays in the cafeteria, and identify the optimal number of trays reduced.
Wal-Mart Context Rich Problems part of Starting Point: Teaching and Learning Economics:Teaching Methods:Context-Rich Problems:Examples
In this example, students are asked to research the effects of Wal-Mart on small town economies, relate those effects to their own town, and draw a conclusion based on those effects. Students will construct an argument suggesting that Wal-Mart is a positive or negative influence on a local economy, and be able to support that with evidence.
Brian Peterson part of Starting Point: Teaching and Learning Economics:About this Project:Project Participants
Associate Professor of Economics Department of Economics, Accounting and Management Central College 812 University St Pella, Iowa 50219 firstname.lastname@example.org Phone:641.628.5423 Fax: 641.628.5316 Background ...