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

Price Ceilings and Venezuela part of Teaching Methods:Team-Based Learning:Activities
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 ...

US China Trade War - An Application of the AD/AS Model part of Teaching Methods:Team-Based Learning:Activities
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.

Macrosimulation: What to do in stagflation? part of Teaching Methods:Team-Based Learning:Activities
Based on an online macroeconomic simulation for an economy with stagflation, teams choose from a selection of fiscal and monetary policies for one year. The simulation then shows the results of the choice that can ...

How do imports affect GDP? part of Teaching Methods:Team-Based Learning:Activities
Imports are perhaps the most misunderstood portion of the GDP identity (Y=C+I+G+NX). This exercise uses real data to have students explore this issue and learn the nuance behind the numbers.

Identifying Market Structure in the Fast Food Industry part of Teaching Methods:Team-Based Learning:Activities
Students use data to determine whether the fast food industry more closely resembles a monopoly, monopolistic competition, or oligopoly, then decide whether regulation is warranted.

Are Imports Bad for the Economy? part of Teaching Methods:Team-Based Learning:Activities
Students learning the expenditure approach often conclude that "imports reduce GDP." The activity attempts to dispel this misconception and pushes students to think about imports as an accounting variable ...

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

Price insensitivity for branded EpiPen part of Teaching Methods:Team-Based Learning:Activities
This exercise asks student teams to select the most important reason that consumers are insensitive to price changes in the branded EpiPen epinephrine auto-injector based on a before-class reading of a news article ...

Game theory: externalities, the prisoner's dilemma and Nash equilibrium as seen in South Park part of Teaching Methods:Team-Based Learning:Activities
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.