George Orlov

Cornell University-Endowed Colleges

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Activities (5)

Location Choice for a Small Business – Recognizing Market Structures and Their Implications for Firm Behavior part of Starting Point: Teaching and Learning Economics:Teaching Methods:Team-Based Learning:Activities
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 ...

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Big Players in a Small Market – Pure and Mixed-Strategy Nash Equilibria in Stylized Market Participation Decisions part of Starting Point: Teaching and Learning Economics:Teaching Methods:Team-Based Learning:Activities
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. ...

Smoke and Nicotine in New York – Social Surplus, Taxation, and Consumer Migration to Substitutes part of Starting Point: Teaching and Learning Economics:Teaching Methods:Team-Based Learning:Activities
Students will examine the effect of a tax increase in a market with negative externalities in the context of the New York City tobacco and e-cigarette market. The exercise offers a more challenging setting than ...

Shutdown Decisions – The Role of Variable and Fixed Costs part of Starting Point: Teaching and Learning Economics:Teaching Methods:Team-Based Learning:Activities
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 ...

Keeping Each Other in Check – Oligopolists' Strategic Interaction part of Starting Point: Teaching and Learning Economics:Teaching Methods:Team-Based Learning:Activities
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 ...