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Labor Force Participation Rate in the U.S. by Gender
Natalia Smirnova, University of Connecticut
Discover and observe the trends of LFPR by gender in the U.S. from 1948 until the present. Discuss and defend the ranking of proposed reasons for these trends.

Economics Topics: Macroeconomic Topics:Unemployment, Measurement

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 ...

Economics Topics: Microeconomic Topics:Firm production and costs

Smoke and Nicotine in New York – Social Surplus, Taxation, and Consumer Migration to Substitutes
George Orlov, Cornell University-Endowed Colleges
Students will examine the effect of a tax increase in a market with negative externalities in the context of the New York City tobacco and e-cigarette market. The exercise offers a more challenging setting than ...

Economics Topics: Additional Topics:Externalities, Microeconomic Topics:Taxes, Competitive markets

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. ...

Economics Topics: Microeconomic Topics:Game theory, Monopoly and other market structures

Location Choice for a Small Business – Recognizing Market Structures and Their Implications for Firm Behavior
George Orlov, Cornell University-Endowed Colleges
Students will discuss the location choice of a small business and how this choice determines the market structures in which the business would have to operate. Students will discuss how a profit-maximizing firm ...

Economics Topics: Microeconomic Topics:Monopoly and other market structures, Competitive markets

Keeping Each Other in Check – Oligopolists' Strategic Interaction
George Orlov, Cornell University-Endowed Colleges
Students will examine the behavior of two large oligopolists, deciding on which factors serve as the biggest deterrents to the firms' collusion. The main factor preventing collusion is the temptation to ...

Economics Topics: Microeconomic Topics:Game theory, Regulation and antitrust, Monopoly and other market structures

How do we measure the economy?
Brandon Sheridan, Elon University
This activity teaches students how to use FRED to collect data and create graphs. It also allows students to go beyond definitions of the major macroeconomic indicators (GDP, Unemployment Rate, and Inflation Rate) ...

Economics Topics: Macroeconomic Topics:Unemployment, Measurement, Inflation, Economic growth, Business cycles

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.

Economics Topics: Macroeconomic Topics:Business cycles, Measurement, Economic growth, International

Is the Change in Inflation Good or Bad?
Brandon Sheridan, Elon University
It is commonly misunderstood how inflation affects the everyday lives of people. Students generally know that inflation means prices are rising, but this exercise makes them go deeper into which specific sectors ...

Economics Topics: Macroeconomic Topics:Inflation, Measurement, Monetary policy

Does the federal budget deficit matter?
Brandon Sheridan, Elon University
This exercise helps students think critically about the budget deficit. A budget deficit is not necessarily bad or good; it depends on other economic factors such as the growth rate, interest rates, etc.

Economics Topics: Macroeconomic Topics:Business cycles, Measurement, Economic growth, Fiscal policy