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Tax Incidence and elasticity part of Teaching Methods:Team-Based Learning:Activities
This exercise asks student teams to rank their sensitivity to a price change caused by a 10% hypothetical excise tax applied to each of a list of five items. Student rankings will be based on their understanding of ...

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 ...

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.

Job Offers and Factors Impacting GDP part of Economics in Two-Year Colleges:Activities
This three-part activity introduces students to concepts impacting GDP and to information available at the geoFRED economic database. The importance of this information is then made personal by utilizing it to ...

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.

Comparing Market Structures part of Teaching Methods:Team-Based Learning:Activities
Working in predetermined teams of 4-5 students, teams will examine and identify the market structure for cell phone operating systems. After examining the current market structure, teams will be asked to analyze ...

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.

Paper Fans and Paper Planes: A classroom PPF example part of Teaching Methods:Classroom Experiments:Examples
This in-class exercise has students create a classroom PPF which is simple to implement in about 15-20 minutes but has lasting impacts and applications.

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 ...

What counts in GDP part of Teaching Methods:Team-Based Learning:Activities
This is a two part application exercise. In the first part groups evaluate whether or not five different economic activities should be counted in national measures of production such as GDP. In a second part ...