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 ...

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 ...

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 ...

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 ...

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 ...

Consumer Sentiment and the Expansion and Contraction of Real GDP
Laurence Malone, Hartwick College
The Activity Exercise helps students to understand how consumer sentiment affects the expansion or contraction of real GDP.

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 ...