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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.

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 ...

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.

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.

Is the Change in Inflation Good or Bad? part of Teaching Methods:Team-Based Learning:Activities
It is commonly misunderstood how inflation affects the everyday lives of people. Students generally know that inflation means prices are rising, but this exercise makes them go deeper into which specific sectors ...

The Tax Game: What are fair and effective tax rates? part of Teaching Methods:Team-Based Learning:Activities
Based on an online simulation teams choose from five tax regimes that each collect the same tax revenue but do so with different tax rates. Teams predict the impact of their tax choices and then, based on the ...

Monopolies and innovation part of Teaching Methods:Team-Based Learning:Activities
Uses Bayer as an example of an innovative firm that relies on intellectual property to recover fixed research and development costs, and make a profit.

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.