Application Exercise Library

Results 1 - 10 of 184 matches

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 ...

Economics Topics: Microeconomic Topics:Monopoly and other market structures, Differentiated products

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 ...

Economics Topics: Microeconomic Topics:Taxes

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 ...

Economics Topics: Microeconomic Topics:Competitive markets

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 ...

Economics Topics: Microeconomic Topics:Regulation and antitrust, International, Competitive markets

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:International, Measurement, Economic growth, Business cycles

Game Theory Simulation Exercise: Pricing Prisoner's Dilemma
Alan Green, Stetson University
Student teams act as firms and make strategic pricing decisions. Each firms' profits depend on all of the teams' decisions.

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

Fiscal Policy Principles and Practice
Alan Green, Stetson University
This application exercise addresses fiscal policy at the principles level through two policy based applications. Students are asked to elucidate broad principles of fiscal policy as well as address the specific ...

Economics Topics: Macroeconomic Topics:Fiscal policy, Business cycles

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 ...

Economics Topics: Microeconomic Topics:Taxes

Comparing Market Structures
Amber Casolari, Riverside City College
Working in predetermined teams of 4-5 students, teams will examine and identify the market structure for cell phone operating systems. After examining the current market structure, teams will be asked to analyze ...

Economics Topics: Microeconomic Topics:Monopoly and other market structures, Firm production and costs, Competitive markets, Differentiated products, Game theory, Additional Topics:Game theory

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.

Economics Topics: Additional Topics:Externalities, Microeconomic Topics:Game theory