Price elasticity of demand survey part of Teaching Methods:Interactive Lecture Demonstrations:Examples
Mark Maier, Glendale Community College
Students survey class members to estimate the price elasticity of demand for a number of goods and services.

Labor supply decisions for economics majors part of Teaching Methods:Team-Based Learning:Activities
Ioanna Avgeri, ONCAMPUS Amsterdam
In this exercise, students use the labor market model to analyze the advantages and disadvantages of pursuing a graduate degree versus entering the labor market.

The Volatility of Gross Private Domestic Investment Spending part of Teaching Methods:Team-Based Learning:Activities
Laurence Malone, Hartwick College
An applied exercise that shows students how to use National Income and Product Account (NIPA) data for the Consumption and Investment components of real GDP, and the significance of capital formation for economic ...

Environmental policies to address the externality of single-use plastic straws part of Teaching Methods:Team-Based Learning:Activities
Jimena Gonzalez, Manhattan College
Prior to class, students read the following news article: https://www.npr.org/sections/thesalt/2018/05/31/615580695/last-straw-for-plastic-straws-cities-restaurants-move-to-toss-these-sippers. Students learn about ...

Comparative advantage among individuals part of Teaching Methods:Team-Based Learning:Activities
Craig Heinicke, University of Richmond
Students put themselves in the position of an individual with opportunity costs for producing two goods. They are given a starting point and then answer questions concerning opportunity cost, comparative advantage, ...

How to handle externalities caused by your roommate part of Teaching Methods:Team-Based Learning:Activities
G Dirk Mateer, UT-Austin
After completing this exercise students will understand how to identify mutually beneficial gains from trade, achieve socially optimal results, and minimize negative externalities.

Comparing benefits and costs of attending an event. part of Teaching Methods:Team-Based Learning:Activities
Shelby Frost, Georgia State University
Students should think of all the relevant factors to consider when making rational decisions, including all opportunity costs of each choice.

Is a good inferior, normal or a luxury? part of Teaching Methods:Team-Based Learning:Activities
G Dirk Mateer, UT-Austin
Income elasticity is something most college students deal with since they have budget constraints. This causes them to make hard decisions about what they can afford.

How can we adjust student college benefits for the cost of living? part of Teaching Methods:Team-Based Learning:Activities
Mark Maier, Glendale Community College
Student teams predict the impact of college proposal to adjust financial aid based on inflation measured by the CPI. Students must use concepts related to the construction of price indices.

The evolution of federal budget surpluses and deficits in the U.S. since 1970. part of Teaching Methods:Team-Based Learning:Activities
Natalia Smirnova, University of Connecticut
Students analyze the United States federal budget surplus/deficit as a fraction of gross domestic product (GDP) and discuss the evolution of federal budget surpluses and deficits since 1970. Students propose ...