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.

Understanding the Tragedy of the Commons
C. Lucy Malakar, Lorain County Community College
Students will watch a portion of a South Park episode that illustrates the tragedy of the commons and apply the concept to a more serious situation. After viewing the video, will debate and discuss ways to prevent ...

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.

Negative Externalities
Galit Eizman, Harvard University
This activity encourages team discussion about negative externalities- the case of disturbing noise and air pollution from the airport to nearby neighborhoods. The discussion raises possible solutions and the ...

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 ...

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 ...

Price insensitivity for branded EpiPen
Phil Ruder, Pacific University
This exercise asks student teams to select the most important reason that consumers are insensitive to price changes in the branded EpiPen epinephrine auto-injector based on a before-class reading of a news article ...

Game theory: externalities, the prisoner's dilemma and Nash equilibrium as seen in South Park
C. Lucy Malakar, Lorain County Community College
After viewing a brief segment of a South Park episode, students create a game theory matrix and apply the concepts of the Prisoner's Dilemma and Nash Equilibrium.

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.

Comparing Market Structures
Amber Casolari, Riverside City College
Working in predetermined teams of 4-5 students, teams will examine and identify the market structure for cell phone operating systems. After examining the current market structure, teams will be asked to analyze ...