Lyft needs more drivers: Benefits of Marginal Analysis
Louis Vayo, Mt. San Antonio College
This activity highlights how thinking on the margin can improve decision making using data from Lyft on the cost of advertising for new drivers.

Life Expectancy at Birth and Net Migration
Diego Mendez-Carbajo, Federal Reserve Bank of St. Louis
Students will search for data on life expectancy at birth and net migration, mapping them and underscoring the reasons for international migration.

Housing Starts: A Leading Economic Indicator of a Recession?
Laurence Malone, Hartwick College
The Activity Exercise Housing Starts: A Leading Economic Indicator of a Recession? shows students how to measure and explore the important role of new home construction in American economic growth.

Don't Overwhelm the Power Grid - A Simplified Congestion Game
Ezra Pugh, Glendale Community College
In this activity, students discuss regulatory solutions to avoid a power grid blackout in a simplified congestion game.

Location Choice for a Small Business – Recognizing Market Structures and Their Implications for Firm Behavior
George Orlov, Cornell University-Endowed Colleges
Students will discuss the location choice of a small business and how this choice determines the market structures in which the business would have to operate. Students will discuss how a profit-maximizing firm ...

Who Wants Free College? Using Higher Education for Applications of Externalities and Asymmetric Information
Alan Green, Stetson University
Student teams are asked to identify the focus of U.S. policy with respect to higher education and then choose a specific policy to improve the higher education system. Economic concepts include market analysis, ...

Identifying Costs and Returns to Scale
Amber Casolari, Riverside City College
After viewing a brief video, students will be able to identify fixed and variable costs as well as understand returns to scale.

Elasticity Analysis of Minimum Wage
Ashley Hodgson, Saint Olaf College
This exercise has students thinking about the source of disagreement between people who want a raise in the minimum wage and those who want to keep it the same.

Inequality and Democracy/Public Choice Policy Applications
Alan Green, Stetson University
Policy choices are presented to teams on two broad questions: the first on inequality in the United States and the second on democracy / public choice. These questions can be used together or split into separate ...

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 ...