Price Ceilings and Venezuela
Elisa Queenan, Porterville College
This activity will examine a modern instance of price ceilings and the unintended consequences for the local economy. This activity details how the well-intended goal of a government can lead to disincentivizing ...

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.

How prices are determined in the market
Shelby Frost, Georgia State University
This AE is designed to get students thinking about how prices are determined in a market. It is based on common misconceptions that many students have about how prices are determined: that producers alone determine ...

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 ...

Trade Restrictions and Local Economic Activities
Craig Heinicke, University of Richmond
Students will be given a current problem on international trade barriers, and will be expected to analyze the effect of them on a local economy. Students are expected to use comparative advantage and specialization ...

Hi Sharks - Identifying Implicit Costs and Economic Profit on Shark Tank
Ezra Pugh, Glendale Community College
Students are asked to evaluate the Sharks' opinion of a business on Shark Tank. An entrepreneur thinks they are profitable, but they are not taking implicit costs into account. Should that be a deal breaker?

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 ...

Macrosimulation: What to do in stagflation?
Mark Maier, Glendale Community College
Based on an online macroeconomic simulation for an economy with stagflation, teams choose from a selection of fiscal and monetary policies for one year. The simulation then shows the results of the choice that can ...

Keeping Each Other in Check – Oligopolists' Strategic Interaction
George Orlov, Cornell University-Endowed Colleges
Students will examine the behavior of two large oligopolists, deciding on which factors serve as the biggest deterrents to the firms' collusion. The main factor preventing collusion is the temptation to ...

Pricing, Profits, Market Structures
Siny Joseph, Kansas State University
Students will answer questions related to a Planet Money podcast "How to make it in the food truck business" and reinforce their understanding of market structures in which food trucks operate.