Shutdown Decisions – The Role of Variable and Fixed Costs
George Orlov, Cornell University-Endowed Colleges
Students will discuss full and partial shutdown decisions in a context of a small business (bagel shop) which, with the advent of cold weather, considers closing its patio, keeping it open and putting up heating ...

U.S. Fiscal Policy between 2002 and 2019.
Natalia Smirnova, University of Connecticut
Based on the graph showing the United States Federal government current receipts and current expenditures from 2002 till 2016, students analyze expansionary fiscal policy implementation.

Price Discrimination
Siny Joseph, Kansas State University
Students will read a WSJ article prior to class and be able to identify and distinguish types of price discrimination.

What is the value of the Yasuní National Park?
M. Jimena González-Ramírez, Manhattan College, jimena.gonzalez@manhattan.edu
This activity is meant for an introductory or advanced environmental economics course that covers valuation methods. Prior to class, students watch 4 short videos explaining valuation methods and listen to an NPR ...

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-Endowed Colleges
Teams graph both linear and nonlinear budget constraints and identify optimal choices for consumers with different preferences.

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 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-Endowed Colleges
Teams are given a list of goods and asked to identify what they think are the most elastic and least elastic.

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.