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.

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.

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.

The Tax Game: What are fair and effective tax rates?
Mark Maier, Glendale Community College
Based on an online simulation teams choose from five tax regimes that each collect the same tax revenue but do so with different tax rates. Teams predict the impact of their tax choices and then, based on the ...

Micro Principles Policy AE: minimum wage and taxes
Alan Green, Stetson University
This exercise includes two policy oriented application exercises targeted to principles courses: one on the minimum wage and one on taxes, along with a readiness assurance test that applies to both. The exercises ...

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 ...

Paradox of Voting
Tanya Downing, Cuesta College
This exercise introduces students to the concept of public choice theory and issues of majority voting. Individuals and teams rank five different choices regarding government spending and taxation, then vote on ...

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.