Supply and demand shifters using local examples
Michael Levine, San Bernardino Valley College
This activity asks students to consider some common shifters of demand and supply and rank them based on what the think would have the greatest impact in the market. I specify local markets and a local branch of a ...

Paradox of Voting
Tanya Downing, Cuesta College
This exercise introduces students to the concept of public choice theory and issues of majority voting. Individuals and teams rank five different choices regarding government spending and taxation, then vote on ...

Fair division in upgrading internet service.
Michael Levine, San Bernardino Valley College
In this exercise students will consider two roommates who have the opportunity to purchase a shared (public) good, upgraded internet speed. Students will discuss the appropriate division of the cost of the good. In ...

Identifying Costs and Returns to Scale
Amber Casolari, Riverside City College
After viewing a brief video, students will be able to identify fixed and variable costs as well as understand returns to scale.

Market Analysis Applications: High Speed Trading and Taxis
Alan Green, Stetson University
This exercise describes two specific markets that are arguably competitive but are subject to a degree of regulation: financial markets (focusing on high-speed trading) and the market for taxis. Students are tasked ...

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. ...

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 ...

Theory of the firm, specialized resources and market structure, applied to a firm competing with imported goods
Craig Heinicke, University of Richmond
Teams are to make a mock managerial decision for a hypothetical firm in response to competition after the introduction of lower priced imported goods. Students will deliberate and make a recommendation using the ...

Potato Market Cartel
Phil Ruder, Pacific University
The exercise focuses on the US potato market to develop student expertise at identifying the monopoly outcome and associated deadweight loss. Also, student understanding of the probable instability of a cartel ...

Pricing at Panamint Valley Gas: A contestable monopoly
Mark Maier, Glendale Community College
Teams use cost and revenue data to determine the best price for a contestable monopoly, a gas station in Panamint Valley, California, 50 miles from the nearest gas station.