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.

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.

Substitute Goods: What happens with a sugar tax?
Angela Thurman, Tarrant County College District,
This activity will help students understand the concept of substitute goods as a part of the unit on demand and supply, Students will explore the consequences- intended and otherwise- of instituting a sugar tax.

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 ...

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 ...

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.

Lyft needs more drivers: Benefits of Marginal Analysis
Louis Vayo, Mt. San Antonio College
This activity highlights how thinking on the margin can improve decision making using data from Lyft on the cost of advertising for new drivers.

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 ...

Principles Policy AE on black markets and immigration
Alan Green, Stetson University
This exercise includes two policy application exercises: one on black markets and the other on immigration. Both require applications and/or extensions of supply and demand analysis. Also included is a readiness ...