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Why the AD Curve Slopes Downward part of Teaching Methods:Team-Based Learning:Activities
Students will create a sequence of events for the three effects that determine the inverse relationship between price level and GDP that determine the shape of the Aggregate Demand (AD) curve. They will also be ...
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.
Beat Inflation Now part of Teaching Methods:Team-Based Learning:Activities
Assume the United States is experiencing unusually high inflation rates that haven't been witnessed in 40 years. Savers and people preparing for retirement are understandably concerned with how inflation will ...
Airbnb Entrepreneurs part of Teaching Methods:Team-Based Learning:Activities
Students groups examine the situation in which an Airbnb entrepreneur has taken out five separate mortgages in a lake resort community. Each mortgage also has maintenance and electrical bills. A recession depressed ...
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.
Unemployment in America: Who's Hit Hardest and Would Economic Growth Change That? part of Teaching Methods:Team-Based Learning:Activities
After looking at the current statistics on the American labor force and the unemployment rates for different groups by age, race, gender [for example, https://www.bls.gov/cps/cpsaat03.htm ],we see that African ...
The Principle of Diminishing Marginal Utility (almost always) Holds part of Teaching Methods:Team-Based Learning:Activities
Students will consider several scenarios related to the principle of diminishing marginal utility.
Considering Implicit (Opportunity) Costs. Why are they overlooked? part of Teaching Methods:Team-Based Learning:Activities
This activity asks students to evaluate why implicit costs are sometimes not considered.
Why Have Prices Increased So Much? part of Teaching Methods:Team-Based Learning:Activities
This activity asks students to consider causes of price level changes in the early 2020s.
Is a good inferior, normal or a luxury? part of Teaching Methods:Team-Based Learning:Activities
Income elasticity is something most college students deal with since they have budget constraints. This causes them to make hard decisions about what they can afford.