Examples of Teaching with Demonstrations
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Price elasticity of demand survey part of Examples
Students survey class members to estimate the price elasticity of demand for a number of goods and services.
Shape of the demand curve part of Examples
A classroom auction reveals reservation prices and a demand curve for an introductory economics course.
Law of Diminishing Marginal Returns part of Examples
An ILD to help demonstrate the Law of Diminishing Marginal Returns using an experiment.
The unemployment rate for the class part of Examples
After predicting what the unemployment rate will be for students in the class, a confidential survey modeled on the Current Population Survey questions is used to gather data about each student's employment. Students use this data to measure the class unemployment rate and then assess its accuracy.
Monopoly gas station part of Examples
Students predict then calculate and graph profit-maximizing the price for an isolated, desert monopoly gas station.
Understanding money: Where is most of my money? part of Examples
This activity uses an Interactive Lecture Demonstration to help students understand the definition of money in a modern economy. Starting with the common misconception that money is coins and currency, the ...
Total Revenue and Price Elasticity of Demand: ILD part of Examples
This ILD helps students to understand the relationship between total revenue and price elasticity of demand.
Which U.S. President generated the highest budget deficits? part of Examples
Students compare budget deficits and surpluses generated between 1969 and 2008 measured in nominal terms and then as a percentage of GDP.
What's the best payment? part of Examples
After predicting which of two earnings streams has the highest currrent value, students use a discounted values table to compare the two earnings streams, discovering that earlier earnings has higher value and that ...
The US economy during your lifetime part of Examples
Students predict the best graphical representation of US real GDP/capita during the last twenty years, choosing from graphs showing: cyclical decline, cyclical change with no net change, cyclical increase, or erratic wide fluctuations. Using actual US data, students graph real GDP/capita to find out the actual pattern: a rising series with periodic dips, not a flat series, a falling series, or a highly erratic series as students often predict. Students then reflect on why this pattern is often misunderstood and why it may not fully describe the well-being of the US population.