Supply and demand shifters using local examples part of Teaching Methods:Team-Based Learning:Activities
Michael Levine, San Bernardino Valley College
This activity asks students to consider some common shifters of demand and supply and rank them based on what the think would have the greatest impact in the market. I specify local markets and a local branch of a ...

Does perfect competition exist? part of Teaching Methods:Team-Based Learning:Activities
Michael Levine, San Bernardino Valley College
In this exercise, students will discuss the reality or perfectly competitive markets. First students will consider the characteristics of a perfectly competitive market for goods and services and discuss how ...

A Mall Divided: Who wins and loses with increases in the minimum wage. part of Teaching Methods:Team-Based Learning:Activities
Michael Levine, San Bernardino Valley College
How are different stakeholders impacted by minimum wage changes? This activity instructs students to analyze as unique minimum wage situation to consider the impact on various stakeholders.

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.

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.

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 ...

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.

How do we measure the economy? part of Teaching Methods:Team-Based Learning:Activities
Brandon Sheridan, Elon University
This activity teaches students how to use FRED to collect data and create graphs. It also allows students to go beyond definitions of the major macroeconomic indicators (GDP, Unemployment Rate, and Inflation Rate) ...

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 ...