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Perfect Competition: A Context Rich Problem part of Examples
Students find the profit-maximizing level of output for a perfectly competitive firm and check the shut-down condition for two different prices.
Imperfect Competition: Context-Rich Problem part of Examples
This context-rich problem helps students to apply the characteristics of imperfect competition to a real world setting.
Game Theory Context-Rich Problem part of 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.
Marginal Analysis Context-Rich Problem part of 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.
Changes in Demand: Context Rich Problem part of Examples
Context Rich Problem on demand shifters and the implications of such a shift.
Excise Tax Incidence: Context Rich Problem part of Examples
Context Rich Problem using the concepts of excise tax incidence, elasticity of demand, and elasticity of supply. Students must determine which information is appropriate and which is extraneous to the problem.
Price Ceiling: Context Rich Problem part of Examples
context rich problem on price ceilings
Wal-Mart Context Rich Problems part of 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.
Tax burden context-rich problem part of Examples
Students are asked to write a letter to the editor of their newspaper to explain their point of view as a seller in a market that is about to experience an increased sales tax rate.
Price discrimination context-rich problem part of Examples
Students prepare an essay to explain pricing strategies for two different companies.