Supply and demand shifters using local examples
Michael Levine, San Bernardino Valley College
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?
Michael Levine, San Bernardino Valley College
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.
Michael Levine, San Bernardino Valley College
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.

Why the AD Curve Slopes Downward
Ann Werboff, Northern Arizona University
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 ...

Nonlinear Budget Constraints
Doug McKee, Cornell University; George Orlov, Cornell University
Teams graph both linear and nonlinear budget constraints and identify optimal choices for consumers with different preferences.

Lyft needs more drivers: Benefits of Marginal Analysis
Louis Vayo, Mt San Antonio College
This activity highlights how thinking on the margin can improve decision making using data from Lyft on the cost of advertising for new drivers.

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 ...

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.

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

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 ...