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Supply and demand shifters using local examples part of Teaching Methods:Team-Based Learning:Activities
This activity asks students to consider some common shifters of demand and supply and rank them based on what the think would have the greatest impact in the market. I specify local markets and a local branch of a ...

Does perfect competition exist? part of Teaching Methods:Team-Based Learning:Activities
In this exercise, students will discuss the reality or perfectly competitive markets. First students will consider the characteristics of a perfectly competitive market for goods and services and discuss how ...

A Mall Divided: Who wins and loses with increases in the minimum wage. part of Teaching Methods:Team-Based Learning:Activities
How are different stakeholders impacted by minimum wage changes? This activity instructs students to analyze as unique minimum wage situation to consider the impact on various stakeholders.

Nonlinear Budget Constraints part of Teaching Methods:Team-Based Learning:Activities
Teams graph both linear and nonlinear budget constraints and identify optimal choices for consumers with different preferences.

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 ...

Lyft needs more drivers: Benefits of Marginal Analysis part of Teaching Methods:Team-Based Learning:Activities
This activity highlights how thinking on the margin can improve decision making using data from Lyft on the cost of advertising for new drivers.

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 ...

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.

Firm's reaction to news about profits part of Teaching Methods:Team-Based Learning:Activities
In this activity, students consider a firm's reaction to news reporting about the level of its profits. The exercise presents the puzzle of a firm's alarmed response to news of positive profits. The ...