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.

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 ...

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 ...

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 ...

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.

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.

Negative externalities and property rights
Marcelo Clerici-Arias, Stanford University, Anita Bhide, Oriol Pons-Benaiges, Claire Xue – All at Stanford
Game-theoretic modeling of a negative externality scenario, with applications of Coase theorem and the Pigovian tax.

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 ...