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 ...

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 ...

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?

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 ...

The role of Institutions and Geography in Economic Growth
Ishani Tewari, Curry College
Students will listen to NPR's The Indicator podcast "The Persistence of Poverty" It describes how nations' modern development outcomes are strongly influenced by  historic events which ...

U.S. Fiscal Policy between 1991 and 2001
Natalia Smirnova, University of Connecticut
Based on the graph showing the United States Federal government current receipts (from taxation) and current expenditures from 1991 till 2001, students analyze contractionary fiscal policy implementation.

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 ...

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

Substitute Goods: What happens with a sugar tax?
Angela Thurman, Tarrant County College District,
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.