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 ...

Game theory: externalities, the prisoner's dilemma and Nash equilibrium as seen in South Park part of Teaching Methods:Team-Based Learning:Activities
C. Lucy Malakar, Lorain County Community College
After viewing a brief segment of a South Park episode, students create a game theory matrix and apply the concepts of the Prisoner's Dilemma and Nash Equilibrium.

Examples of Price Discrimination part of Teaching Methods:Team-Based Learning:Activities
Phil Ruder, Pacific University
This application draws on student experiences as consumers in markets to elicit examples of price discrimination. The unusual reporting format provides a change of pace from the usual ABCDE format at the ...

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.

Game Theory Simulation Exercise: Pricing Prisoner's Dilemma part of Teaching Methods:Team-Based Learning:Activities
Alan Green, Stetson University
Student teams act as firms and make strategic pricing decisions. Each firms' profits depend on all of the teams' decisions.

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

Supply and Demand in the Context of Uber Surge Pricing part of Teaching Methods:Team-Based Learning:Activities
Carlena Ficano, Hartwick College
In this activity, students are asked to determine whether it is better to drive for Uber during busy times and in busy locations when and where surge pricing is in operation or instead to avoid these locations and ...

Tragedy of the commons game part of Teaching Methods:Team-Based Learning:Activities
Phil Ruder, Pacific University
This application calls on student teams to depict a tragedy of the commons game in strategic form, identify the Nash equilibrium outcome, and consider policies that might improve on an open-access management regime ...

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 ...

The official CPI and bias part of Teaching Methods:Team-Based Learning:Activities
Grace Eau, Georgia State University
This activity aims for students to gain insights about the problems in measuring a price index.