Application Exercise Library


Results 1 - 10 of 184 matches

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

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:Game theory, Monopoly and other market structures

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:Competitive markets, Regulation and antitrust, International

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

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: Microeconomic Topics:Game theory, Additional Topics:Externalities

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

Tragedy of the commons game
Phil Ruder, Pacific University
This application calls on student teams to depict a tragedy of the commons game in strategic form, identify the Nash equilibrium outcome, and consider policies that might improve on an open-access management regime ...

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

Nonlinear Budget Constraints
Doug McKee, Cornell University-Endowed Colleges
Teams graph both linear and nonlinear budget constraints and identify optimal choices for consumers with different preferences.

Economics Topics: Additional Topics:Other

What counts in GDP
Mark Maier, Glendale Community College
This is a two part application exercise. In the first part groups evaluate whether or not five different economic activities should be counted in national measures of production such as GDP. In a second part ...

Economics Topics: Macroeconomic Topics:Measurement

Should your restaurant shut down?
Mark Maier, Glendale Community College
Acting as a restaurant owner students use data on fixed and variables costs, including an unspecified implicit cost of owner's time, to determine if the restaurant should stay open over the weekend before ...

Economics Topics: Microeconomic Topics:Firm production and costs