Examples

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Tax burden context-rich problem part of Examples
Students are asked to write a letter to the editor of their newspaper to explain their point of view as a seller in a market that is about to experience an increased sales tax rate.

Price discrimination context-rich problem part of Examples
Students prepare an essay to explain pricing strategies for two different companies.

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.

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

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.

Gasoline consumption: incentive effects of taxes vs. standards (Context Rich Problem) part of Examples
Students analyze the effectiveness, equity and political appeal of higher gasoline taxes and increased CAFE standards as a means of achieving a reduction in oil imports.

Movement along vs. shift of demand curve: Water chlorination (Context Rich Problem) part of Examples
This context-rich problem asks students to distinguish between a movement along a demand curve and a shift of a demand curve for a price-inelastic product: water chlorination in Kenya.

Elasticity and Total Revenue: Context Rich Problem part of Examples
Context rich problem allowing students to apply elasticy of demand concepts.

Wal-Mart Context Rich Problems part of Examples
In this example, students are asked to research the effects of Wal-Mart on small town economies, relate those effects to their own town, and draw a conclusion based on those effects.