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.

The official CPI and bias
Grace Eau, Georgia State University
This activity aims for students to gain insights about the problems in measuring a price index.

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.

Macrosimulation: What to do in stagflation?
Mark Maier, Glendale Community College
Based on an online macroeconomic simulation for an economy with stagflation, teams choose from a selection of fiscal and monetary policies for one year. The simulation then shows the results of the choice that can ...

Protectionist versus Free Trade Policies
Jimena Gonzalez, Manhattan College
Prior to class, students listen and read the following: http://freakonomics.com/podcast/china-eat-americas-jobs/. In this episode, Steven Dubner, Freakonomics host, interviews David Autor, an MIT economist, about ...

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 ...

Does the CPI Measure Household Inflation Accurately? Which Households?
Ishani Tewari, Curry College
Students learn how the construction of the standard CPI measure may lead to underestimating inflationary pressures on poorer households.

The evolution of federal budget surpluses and deficits in the U.S. since 1970.
Natalia Smirnova, University of Connecticut
Students analyze the United States federal budget surplus/deficit as a fraction of gross domestic product (GDP) and discuss the evolution of federal budget surpluses and deficits since 1970. Students propose ...

The impact of changes in foreign exchange rates on aggregate demand and employment.
Farhad Ameen, SUNY Westchester Community College
Students will be given a hypothetical situation that will require them to engage in logical reasoning of the impact of an appreciating currency on exports and imports, and consequently on Aggregate Demand, GDP and ...

Gross Private Domestic Investment Spending: Multipliers and Growth in the Real GDP
Laurence Malone, Hartwick College
The Activity Exercise Gross Private Domestic Investment Spending: Multipliers and Growth in the Real GDP helps student grasp the significance of the Multiplier Effect in economic growth and the expansion of real ...