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Supply and Demand in the Context of Uber Surge Pricing part of Teaching Methods:Team-Based Learning:Activities
In this activity, students are asked to determine whether it is better to drive for Uber during busy times and in busy locations when and where surge pricing is in operation or instead to avoid these locations and ...

Game Theory Simulation Exercise: Pricing Prisoner's Dilemma part of Teaching Methods:Team-Based Learning:Activities
Student teams act as firms and make strategic pricing decisions. Each firms' profits depend on all of the teams' decisions.

Protectionist versus Free Trade Policies part of Teaching Methods:Team-Based Learning:Activities
Prior to class, students listen and read the following: http://freakonomics.com/podcast/china-eat-americas-jobs/. In this episode, Steven Dubner, Freakonomics host, interviews David Autor, an MIT economist, about ...

Understanding the Tragedy of the Commons part of Teaching Methods:Team-Based Learning:Activities
Students will watch a portion of a South Park episode that illustrates the tragedy of the commons and apply the concept to a more serious situation. After viewing the video, will debate and discuss ways to prevent ...

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 ...

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.

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.

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.

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.

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.