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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.

Amazon Prime Membership part of Teaching Methods:Team-Based Learning:Activities
After covering markets, elasticity of demand, as well as the relation between elasticity of demand and revenue, students are asked to offer advice to Amazon on whether to increase its Prime Membership Fee or to ...

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.

Why care about industry concentration? part of Teaching Methods:Team-Based Learning:Activities
Students will read an article about industry concentration to gain an understanding of how it may affect them and try to convince a roommate why they should care.

Keeping Each Other in Check – Oligopolists' Strategic Interaction part of Teaching Methods:Team-Based Learning:Activities
Students will examine the behavior of two large oligopolists, deciding on which factors serve as the biggest deterrents to the firms' collusion. The main factor preventing collusion is the temptation to ...

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.

Regulating a natural monopoly part of Teaching Methods:Team-Based Learning:Activities
Analysis of different types of regulation for a natural monopoly