Examples

We invite instructors to submit their own context-rich problems to the Starting Point site.


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Explicit and Implicit Costs of Education: Context Rich Problem part of Examples
Students are faced with advising a roommate about the costs and benefits of continuing with their education. Specifically, students are asked to apply the concepts of explicit and implicit costs to a real world scenario.

Tutoring Service and Price Discrimination Context-Rich Problem part of Examples
Students are asked to apply what they learned in class to a real life scenario question.

Long-Run Economic Growth: Context Rich Problem part of Examples
Students are asked to apply what they learned in class to a real life scenario question.

Sandwiches and Elasticity Context-Rich Problem part of Examples
Students are asked to apply what they learned in class to a real life scenario question.

Increase in Minimum Wage: Perplexing Result? (Context Rich Problem) part of Examples
An exercise that has students translate an economic event described in the newspaper into representation in a supply and demand diagram

Airline Revenues: Supply and Demand (Context Rich Problem) part of Examples
An exercise that has students translate an economic event described in the newspaper into representation in a supply and demand diagram

Calculating real home prices using the CPI (Context Rich Problem) part of Examples
Students calculate real home values using nominal values and the Consumer Price Index.

Choosing output quantity under perfect competition (Context Rich Problem) part of Examples
The problem presents students with information about price, average costs and marginal costs for a vegetable farm. To answer the questions, students must apply the P=MC decision rule for perfect competition.

Comparative statics: impact of corn price increase (Context Rich Problem) part of Examples
Students use comparative statics to determine the effects of corn price increases on related markets.

Unemployment and discouraged workers: Context Rich Problem part of Examples
Students use the Current Population Survey to calculate the official unemployment rate and two variations that include discouraged workers. Students compare the results and discuss what the varying definitions reveal about the labor market.