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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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Can you get reelected as a Fed Chairperson: A group activity part of Starting Point: Teaching and Learning Economics:Starting Point: 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.

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.

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.

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.

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.

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.

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.

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.

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.

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