Economic Examples

The following examples were designed explicitly for economics courses. However, one should not narrow their focus on this limited set of examples since much can be learned about how to develop and incorporate cooperative learning examples by reviewing exercises developed for other disciplines. A number of non economics cooperative learning exercises can be found in this module.

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Landscape Evolution Debate part of Sedimentary Geology:Sedimentology, Geomorphology, and Paleontology 2014:Activities
Students are assigned to read one of the three papers on tectonic geomorphology (landscape evolution) published by Nature in 2003 (Burbank et al., Dadson et al., and Reiners et al.). All also read the editorial by ...

On the Cutting Edge Exemplary Collection This activity is part of the On the Cutting Edge Exemplary Teaching Activities collection.
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Economies of scale part of Examples
Working in groups of three, students analyze economies of scale. Each student constructs an individual short-run ATC curve, then the three students collaborate to determine if there are economies or diseconomies of scale and to create the long run ATC.

Counting GDP part of Examples
Working in small groups, students determine how 18 items are included in GDP (or if they are excluded.) Cards turned over one at a time encourage participation by all group members.

Think-pair-share: Functions of money part of Examples
This cooperative learning activity helps students gain a deeper understanding of the three functions of money and provides practice applying those ideas to real-life items.

Think-Pair-Share Activity for Understanding Price Controls part of Examples
An exercise designed to facilitate understanding of the impacts of price controls on market outcomes, with a follow up exercise covering these and related concepts.

Cooperative Learning Exercises to Teach the Gains from Trade part of Examples
This is a cooperative learning exerise that allows students to learn about comparative advantage and the gains from trade.

A Cooperative Learning Approach to Policy Debates (with Application to an Economics of Poverty and Discrimination Class) part of Examples
This activity utilizes a cooperative learning approach to in-class policy debates.

Think-Pair-Share: Analyzing changes in supply & demand and predicting impacts on equilibrium part of Examples
An exercise designed to facilitate understanding of supply and demand shifts as well as impacts on market outcomes with follow up exercises covering these and related concepts.

Exploring and Explaining Determinants of Supply and Demand: Utilizing the Think-Pair-Share Technique part of Examples
This is a two-part activity that implements an extension of the "think-pair-share" cooperative learning technique to study the determinants of supply and demand through hypothetical and real world examples.

Can you get reelected as a Fed Chairperson: A group activity part of Starting Point: Teaching and Learning Economics:Economics in Two-Year Colleges:Activities
This activity uses the Fed Chairman Game as a small group activity of 4-5 students within a larger class setting. Students in groups will play the game and report their results to the entire class.

Using cooperative peer editing to improve writing assignments in economics part of Examples
This peer review of writing tool helps students improve their writing by asking their peers in the class to provide feedback in a constructive manner.

Send-a-problem: Making the connection between data and models part of Examples
The send-a-problem activity helps students make a connection between real world data and theoretical models.

A Send-a-Problem Exercise for Applying Labor Force Participation Models to Popular Press Articles part of Examples
Send-a-problem exercise used to link economic theory covered in a labor economics course with related trends exemplified in a popular press article.

Impact of federal deficits part of Examples
Based on a fable about government debt, students identify the relevance of crowding out, monetizing a debt, external debt, and stimulus spending.

An Extended Think-Pair-Share Application: Trends in the U.S. Wage Structure part of Examples
This activity uses a think-pair-share approach to helping students connect observations about disparate changes in the market for skilled/unskilled labor to long-run trends in wage inequality.

Using Cooperative Peer Editing to Develop Effective Economic Research Questions part of Examples
Students engage in peer editing and cooperative discussion to enhance research questions based on criteria designed to generate effective economic research questions.

Using Note-Taking Pairs to Enhance Understanding of Difficult Concepts (such as Income and Substitution Effects) part of Examples
A variation of the think-pair-share technique is used to reinforce understanding of the income and substitution effects associated with a price change.

Being Aware of Health Care: Using Cooperative Learning to Synthesize and Communicate U.S. Health Care Reform Issues part of Examples
This is a three-part project spanning five weeks that uniquely interweaves individual and cooperative learning in the context of health care reform and the 2008 United States presidential campaign.