Application Exercise Library
Results 1 - 10 of 184 matches
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.
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 ...
Tax Incidence and elasticity
Tanya Downing, Cuesta College
This exercise asks student teams to rank their sensitivity to a price change caused by a 10% hypothetical excise tax applied to each of a list of five items. Student rankings will be based on their understanding of ...
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.
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.
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.
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.
Environmental policies to address the externality of single-use plastic straws
Jimena Gonzalez, Manhattan College
Prior to class, students read the following news article: https://www.npr.org/sections/thesalt/2018/05/31/615580695/last-straw-for-plastic-straws-cities-restaurants-move-to-toss-these-sippers. Students learn about ...
Housing Starts: A Leading Economic Indicator of a Recession?
Laurence Malone, Hartwick College
The Activity Exercise Housing Starts: A Leading Economic Indicator of a Recession? shows students how to measure and explore the important role of new home construction in American economic growth.
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 ...