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 ...

Welfare Loss from Monopoly
Doug McKee, Cornell University-Endowed Colleges
Students are presented with several potential markets and asked to consider the welfare consequences of monopoly power in each.

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.

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 ...

Big Players in a Small Market – Pure and Mixed-Strategy Nash Equilibria in Stylized Market Participation Decisions
George Orlov, Cornell University-Endowed Colleges
In the context of an oligopolistic entry game, students will translate a word problem into game theoretic notation and will then examine how changes to the payoff structure changes the Nash equilibria in a game. ...

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.

Food Trucks in the Short Run and the Long Run
Doug McKee, Cornell University-Endowed Colleges
Teams forecast the profitability of a food truck business in the long run, ideally taking into account the roles of their cost structure, potential market entry, and regulation.

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 ...

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?

Analyze changes in equilibrium price and quantity
brian lynch, Lake Land College
Students evaluate the impact of changes in supply and demand on the equilibrium price and quantity.