Identifying Market Structure in the Fast Food Industry
Ezra Pugh, Glendale Community College
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.

How do imports affect GDP?
Brandon Sheridan, Elon University
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.

Are Imports Bad for the Economy?
Ishani Tewari, Curry College
Students learning the expenditure approach often conclude that "imports reduce GDP." The activity attempts to dispel this misconception and pushes students to think about imports as an accounting variable ...

Price Elasticity of Demand
Doug McKee, Cornell University-Endowed Colleges
Teams are given a list of goods and asked to identify what they think are the most elastic and least elastic.

Macrosimulation: What to do in stagflation?
Mark Maier, Glendale Community College
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 ...

Price Ceilings and Venezuela
Elisa Queenan, Porterville College
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 ...

The Tax Game: What are fair and effective tax rates?
Mark Maier, Glendale Community College
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 ...

Elasticity and tax incidence
Mark Maier, Glendale Community College
This is a two part application exercise. In the first part groups estimate the impact of a property tax on an individual's rent. In the second part groups analyze the impact of a sugar tax on the price of soft ...

US China Trade War - An Application of the AD/AS Model
Ann Werboff, Northern Arizona University
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.

Supply and Demand: Single and Multiple Changes in the Market for Homes
Eddy Chi, University of Southern California
The activity leads teams of students through successive simultaneous report application exercises on the market for homes. Students will apply supply and demand concepts, including multiple shifts, and use ...