Price elasticity of demand survey
Mark Maier, Glendale Community College
Students survey class members to estimate the price elasticity of demand for a number of goods and services.

Monopoly gas station
Mark Maier, Glendale Community College
Students predict then calculate and graph profit-maximizing the price for an isolated, desert monopoly gas station.

What is the opportunity cost of attending class?
Sue Stockly, Eastern New Mexico University-Main Campus
Students calculate the opportunity cost of attending one class. The exercise reinforces learning about implicit, explicit and total opportunity costs.

Law of Diminishing Marginal Returns
Rochelle Ruffer, Nazareth College of Rochester
An ILD to help demonstrate the Law of Diminishing Marginal Returns using an experiment.

Which U.S. President generated the highest budget deficits?
Sue Stockly, Eastern New Mexico University-Main Campus
Students compare budget deficits and surpluses generated between 1969 and 2008 measured in nominal terms and then as a percentage of GDP.

What's the best payment?
Mark Maier, Glendale Community College
After predicting which of two earnings streams has the highest currrent value, students use a discounted values table to compare the two earnings streams, discovering that earlier earnings has higher value and that ...

Law of Diminishing Marginal Returns
Rochelle Ruffer, Nazareth College of Rochester
An ILD to help demonstrate the Law of Diminishing Marginal Returns using an experiment.

Total Revenue and Price Elasticity of Demand: ILD
Rochelle Ruffer, Nazareth College of Rochester
This ILD helps students to understand the relationship between total revenue and price elasticity of demand.

Shape of the demand curve
Mark Maier, Glendale Community College
A classroom auction reveals reservation prices and a demand curve for an introductory economics course.

The unemployment rate for the class
Mark Maier, Glendale Community College
After predicting what the unemployment rate will be for students in the class, a confidential survey modeled on the Current Population Survey questions is used to gather data about each student's employment. Students use this data to measure the class unemployment rate and then assess its accuracy.

Understanding money: Where is most of my money?
Mark Maier, Glendale Community College
This activity uses an Interactive Lecture Demonstration to help students understand the definition of money in a modern economy. Starting with the common misconception that money is coins and currency, the ...

The US economy during your lifetime
Mark Maier, Glendale Community College
Students predict the best graphical representation of US real GDP/capita during the last twenty years, choosing from graphs showing: cyclical decline, cyclical change with no net change, cyclical increase, or erratic wide fluctuations. Using actual US data, students graph real GDP/capita to find out the actual pattern: a rising series with periodic dips, not a flat series, a falling series, or a highly erratic series as students often predict. Students then reflect on why this pattern is often misunderstood and why it may not fully describe the well-being of the US population.