Oligopoly part of Starting Point: Teaching and Learning Economics:Teaching Methods:Team-Based Learning:Activities
Investment decisions by two duopolists. Create payoff matrix with stylized payoffs and strategies, followed by finding Nash equlibria.
Monopolies and innovation part of Starting Point: Teaching and Learning Economics:Teaching Methods:Team-Based Learning:Activities
Uses Bayer as an example of an innovative firm that relies on intellectual property to recover fixed research and development costs, and make a profit.
Negative externalities and property rights part of Starting Point: Teaching and Learning Economics:Teaching Methods:Team-Based Learning:Activities
Game-theoretic modeling of a negative externality scenario, with applications of Coase theorem and the Pigovian tax.
Principles of Economics: understanding opportunity cost, comparative advantage, and absolute advantage part of Starting Point: Teaching and Learning Economics:Teaching Methods:Just in Time Teaching:Examples
In principles of economics students many times have trouble understanding the concept of opportunity cost, connecting opportunity cost to comparative advantage, and differentiating between absolute advantage and comparative advantage. This activity allows the instructor to detect whether a large number of students exhibit any of these misconceptions, and then focus on the most problematic concepts in class.
Principles of Economics: understanding opportunity cost, comparative advantage, and absolute advantage part of Starting Point: Teaching and Learning Economics:Teaching Methods:Just in Time Teaching:Examples
In principles of economics students many times have trouble understanding the concept of opportunity cost, connecting opportunity cost to comparative advantage, and differentiating between absolute advantage and comparative advantage. This activity allows the instructor to detect whether a large number of students exhibit any of these misconceptions, and then focus on the most problematic concepts in class.
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