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.

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.

Are Imports Bad for the Economy?
Ishani Tewari, Curry College
Students learning the expenditure approach often conclude that "imports reduce GDP." The activity attempts to dispel this misconception and pushes students to think about imports as an accounting variable ...

Why the AD Curve Slopes Downward
Ann Werboff, Northern Arizona University
Students will create a sequence of events for the three effects that determine the inverse relationship between price level and GDP that determine the shape of the Aggregate Demand (AD) curve. They will also be ...

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 ...

US China Trade War - An Application of the AD/AS Model
Ann Werboff, Northern Arizona University
In this activity, students will analyze some of the events in the US China Trade War in 2018 using the AD/AS model and discuss the implications of tariffs.

Keeping Each Other in Check – Oligopolists' Strategic Interaction
George Orlov, Cornell University
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 ...

Firm's reaction to news about profits
Phil Ruder, Pacific University
In this activity, students consider a firm's reaction to news reporting about the level of its profits. The exercise presents the puzzle of a firm's alarmed response to news of positive profits. The ...

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 ...

Supply and Demand: Single and Multiple Changes in the Market for Homes
Eddy Chi, University of Southern California
The activity leads teams of students through successive simultaneous report application exercises on the market for homes. Students will apply supply and demand concepts, including multiple shifts, and use ...