Potato Market Cartel
Phil Ruder, Pacific University
The exercise focuses on the US potato market to develop student expertise at identifying the monopoly outcome and associated deadweight loss. Also, student understanding of the probable instability of a cartel ...

Fiscal Policy Principles and Practice
Alan Green, Stetson University
This application exercise addresses fiscal policy at the principles level through two policy based applications. Students are asked to elucidate broad principles of fiscal policy as well as address the specific ...

Amazon Prime Membership
Jimena González-Ramírez, Manhattan College,
After covering markets, elasticity of demand, as well as the relation between elasticity of demand and revenue, students are asked to offer advice to Amazon on whether to increase its Prime Membership Fee or to ...

Big Players in a Small Market – Pure and Mixed-Strategy Nash Equilibria in Stylized Market Participation Decisions
George Orlov, Cornell University-Endowed Colleges
In the context of an oligopolistic entry game, students will translate a word problem into game theoretic notation and will then examine how changes to the payoff structure changes the Nash equilibria in a game. ...

Regulating a natural monopoly
Marcelo Clerici-Arias (marcelo@stanford.edu), Anita Bhide, Oriol Pons-Benaiges, Claire Xue – all at Stanford University
Analysis of different types of regulation for a natural monopoly

The Value of Car Insurance
Doug McKee, Cornell University-Endowed Colleges
Teams identify the factors that affect the decision to purchase car insurance.

Rising firm production costs
Phil Ruder, Pacific University
Students read an article before class and then complete a guided worksheet on the technical model of competitive markets and firms. The AE asks student teams to make their own predictions about long-run events in ...

Should your restaurant shut down?
Mark Maier, Glendale Community College
Acting as a restaurant owner students use data on fixed and variables costs, including an unspecified implicit cost of owner's time, to determine if the restaurant should stay open over the weekend before ...

Gas Prices are..What?? Causes & Consequences of Inflation in the US (2022)
Louis Vayo, Mt. San Antonio College
Unexpected inflation can cause disproportionate harm on the most marginalized in society; policymakers and firms benefit from understanding the causes of inflation to help plan for the future. In this activity, ...

Shutdown Decisions – The Role of Variable and Fixed Costs
George Orlov, Cornell University-Endowed Colleges
Students will discuss full and partial shutdown decisions in a context of a small business (bagel shop) which, with the advent of cold weather, considers closing its patio, keeping it open and putting up heating ...