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.

Supply and Demand in the Context of Uber Surge Pricing
Carlena Ficano, Hartwick College
In this activity, students are asked to determine whether it is better to drive for Uber during busy times and in busy locations when and where surge pricing is in operation or instead to avoid these locations and ...

Game Theory Simulation Exercise: Pricing Prisoner's Dilemma
Alan Green, Stetson University
Student teams act as firms and make strategic pricing decisions. Each firms' profits depend on all of the teams' decisions.

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.

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 official CPI and bias
Grace Eau, Georgia State University
This activity aims for students to gain insights about the problems in measuring a price index.

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.

Comparing Market Structures
Amber Casolari, Riverside City College
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
C. Lucy Malakar, Lorain County Community College
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.

Hi Sharks - Identifying Implicit Costs and Economic Profit on Shark Tank
Ezra Pugh, Glendale Community College
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?