Price Elasticity of Demand part of Teaching Methods:Team-Based Learning:Activities
Doug McKee, Cornell University
Teams are given a list of goods and asked to identify what they think are the most elastic and least elastic.

Identifying Market Structure in the Fast Food Industry part of Teaching Methods:Team-Based Learning:Activities
Ezra Pugh, Glendale Community College
Students use data to determine whether the fast food industry more closely resembles a monopoly, monopolistic competition, or oligopoly, then decide whether regulation is warranted.

Are Imports Bad for the Economy? part of Teaching Methods:Team-Based Learning:Activities
Ishani Tewari, Curry College
Students learning the expenditure approach often conclude that "imports reduce GDP." The activity attempts to dispel this misconception and pushes students to think about imports as an accounting variable ...

Why the AD Curve Slopes Downward part of Teaching Methods:Team-Based Learning:Activities
Ann Werboff, Northern Arizona University
Students will create a sequence of events for the three effects that determine the inverse relationship between price level and GDP that determine the shape of the Aggregate Demand (AD) curve. They will also be ...

Price Ceilings and Venezuela part of Teaching Methods:Team-Based Learning:Activities
Elisa Queenan, Porterville College
This activity will examine a modern instance of price ceilings and the unintended consequences for the local economy. This activity details how the well-intended goal of a government can lead to disincentivizing ...

US China Trade War - An Application of the AD/AS Model part of Teaching Methods:Team-Based Learning:Activities
Ann Werboff, Northern Arizona University
In this activity, students will analyze some of the events in the US China Trade War in 2018 using the AD/AS model and discuss the implications of tariffs.

Keeping Each Other in Check – Oligopolists' Strategic Interaction part of Teaching Methods:Team-Based Learning:Activities
George Orlov, Cornell University
Students will examine the behavior of two large oligopolists, deciding on which factors serve as the biggest deterrents to the firms' collusion. The main factor preventing collusion is the temptation to ...

Is the Change in Inflation Good or Bad? part of Teaching Methods:Team-Based Learning:Activities
Brandon Sheridan, Elon University
It is commonly misunderstood how inflation affects the everyday lives of people. Students generally know that inflation means prices are rising, but this exercise makes them go deeper into which specific sectors ...

Firm's reaction to news about profits part of Teaching Methods:Team-Based Learning:Activities
Phil Ruder, Pacific University
In this activity, students consider a firm's reaction to news reporting about the level of its profits. The exercise presents the puzzle of a firm's alarmed response to news of positive profits. The ...

The Tax Game: What are fair and effective tax rates? part of Teaching Methods:Team-Based Learning:Activities
Mark Maier, Glendale Community College
Based on an online simulation teams choose from five tax regimes that each collect the same tax revenue but do so with different tax rates. Teams predict the impact of their tax choices and then, based on the ...