Comparing benefits and costs of attending an event.
Shelby Frost, Georgia State University
Students should think of all the relevant factors to consider when making rational decisions, including all opportunity costs of each choice.

U.S. Economic Growth and Inflation Since 1970
Bill Goffe, Pennsylvania State University-Main Campus
Students are given a number of variables to retrieve from FRED and from them they identify the behavior of U.S. inflation and economic growth since 1970.

Three AEs: Working with the Perfectly Competitive (S-D) Model
Phil Ruder, Pacific University
This three-activity sequence is based on a New York Times article that reports on events in the world butter market, with a focus on events in France, where some butter prices are not allowed to adjust quickly and ...

Monetary Policy: Evaluating the Fed's Effectiveness Leading Up to and After the Crisis of 2008
Alan Green, Stetson University
This application exercise contains two questions about the effectiveness of monetary policy, first during the Great Moderation and second after the crisis of 2008. It was designed for the end of a principles level ...

Supply and Demand: Single and Multiple Changes in the Market for Homes
Eddy Chi, University of Southern California
The activity leads teams of students through successive simultaneous report application exercises on the market for homes. Students will apply supply and demand concepts, including multiple shifts, and use ...

Plotting Inflation and a Recession in P-Y Space (an Essential Skill for AD-AS Analysis)
Bill Goffe, Pennsylvania State University-Main Campus
Students learn to move between two representations of the same phenomena-time series and a graph-to show recession and inflation, an essential skill for connecting AD/AS analysis to time series plots of macro ...

The Volatility of Gross Private Domestic Investment Spending
Laurence Malone, Hartwick College
An applied exercise that shows students how to use National Income and Product Account (NIPA) data for the Consumption and Investment components of real GDP, and the significance of capital formation for economic ...

U.S. labor force participation: a jigsaw exercise
Mark Maier, Glendale Community College
Working first in expert teams, then returning to their base teams, students explore reasons for changes in U.S. labor force participation for men, women, younger workers, older workers, Hispanics and ...

Does the federal budget deficit matter?
Brandon Sheridan, Elon University
This exercise helps students think critically about the budget deficit. A budget deficit is not necessarily bad or good; it depends on other economic factors such as the growth rate, interest rates, etc.

How markets work
C. Lucy Malakar, Lorain County Community College
Students will read an article about McDonald's move to all-day breakfast and analyze the impact this will have on the market for eggs. Students will use the information provided in the article to create a ...