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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 ...

Welfare Loss from Monopoly part of Teaching Methods:Team-Based Learning:Activities
Students are presented with several potential markets and asked to consider the welfare consequences of monopoly power in each.

Shutdown Decisions – The Role of Variable and Fixed Costs part of Teaching Methods:Team-Based Learning:Activities
Students will discuss full and partial shutdown decisions in a context of a small business (bagel shop) which, with the advent of cold weather, considers closing its patio, keeping it open and putting up heating ...

Hi Sharks - Identifying Implicit Costs and Economic Profit on Shark Tank part of Teaching Methods:Team-Based Learning:Activities
Students are asked to evaluate the Sharks' opinion of a business on Shark Tank. An entrepreneur thinks they are profitable, but they are not taking implicit costs into account. Should that be a deal breaker?

Pricing, Profits, Market Structures part of Teaching Methods:Team-Based Learning:Activities
Students will answer questions related to a Planet Money podcast "How to make it in the food truck business" and reinforce their understanding of market structures in which food trucks operate.

Substitute Goods: What happens with a sugar tax? part of Teaching Methods:Team-Based Learning:Activities
This activity will help students understand the concept of substitute goods as a part of the unit on demand and supply, Students will explore the consequences- intended and otherwise- of instituting a sugar tax.

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.

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 ...

Analyze changes in equilibrium price and quantity part of Teaching Methods:Team-Based Learning:Activities
Students evaluate the impact of changes in supply and demand on the equilibrium price and quantity.

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.