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 ...

Protectionist versus Free Trade Policies
Jimena Gonzalez, Manhattan College
Prior to class, students listen and read the following: http://freakonomics.com/podcast/china-eat-americas-jobs/. In this episode, Steven Dubner, Freakonomics host, interviews David Autor, an MIT economist, about ...

Labor supply decisions for economics majors
Ioanna Avgeri, ONCAMPUS Amsterdam
In this exercise, students use the labor market model to analyze the advantages and disadvantages of pursuing a graduate degree versus entering the labor market.

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 ...

Environmental policies to address the externality of single-use plastic straws
Jimena Gonzalez, Manhattan College
Prior to class, students read the following news article: https://www.npr.org/sections/thesalt/2018/05/31/615580695/last-straw-for-plastic-straws-cities-restaurants-move-to-toss-these-sippers. Students learn about ...

Comparative advantage among individuals
Craig Heinicke, University of Richmond
Students put themselves in the position of an individual with opportunity costs for producing two goods. They are given a starting point and then answer questions concerning opportunity cost, comparative advantage, ...