Price Elasticity of Demand
Doug McKee, Cornell University-Endowed Colleges
Teams are given a list of goods and asked to identify what they think are the most elastic and least elastic.

The benefits and costs of studying.
Ioanna Avgeri, ONCAMPUS Amsterdam
In this exercise, students apply benefit-cost analysis to make suggestions on how to increase the amount of time that students spend studying.

Creating and interpreting a production possibilities curve
C. Lucy Malakar, Lorain County Community College
Students will read an article about how the hurricanes of September 2017 damaged crops in Georgia and use the information provided to create a production possibilities frontier. Students will use their production ...

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.

Welfare Loss from Monopoly
Doug McKee, Cornell University-Endowed Colleges
Students are presented with several potential markets and asked to consider the welfare consequences of monopoly power in each.

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 ...

Monopoly, Monopsony, and Walmart
Carlena Ficano, Hartwick College
This monopoly/monopsony activity first instructs students to consider Walmart as both a seller of goods and services and as a purchaser of goods and services. It then asks them to identify who from among a range of ...

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 ...

A Mall Divided: Who wins and loses with increases in the minimum wage.
Michael Levine, San Bernardino Valley College
How are different stakeholders impacted by minimum wage changes? This activity instructs students to analyze as unique minimum wage situation to consider the impact on various stakeholders.

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 ...