Oil Demand and Consumption part of Process of Science:Examples
Data modeling activity using oil reserve and consumption data. Students predict when oil reserves meet or exceed reserves.

The Hudsucker Proxy: Using Media to Teach Economics part of Pedagogy in Action:Library:Using Media to Enhance Teaching and Learning:Examples
This film chronicles the introduction of the hula hoop, a toy that set off one of the greatest fads in United States history. According to Wham-O, the manufacturer of the hoop, when the toy was first introduced in ...

A Beautiful Mind: Using Media to Teach Economics part of Pedagogy in Action:Library:Using Media to Enhance Teaching and Learning:Examples
A Beautiful Mind won the Academy Award for best picture in 2001 and it chronicles the life of John Nash who is noted for his pioneering work on general equilibrium theory. This scene is a great way to discuss ...

Documented Problem Solving: Calculating Gross Domestic Product part of Pedagogy in Action:Library:Documented Problem Solving:Examples
Gross domestic product (GDP) was introduced in class as a way to determine the value of a country's output. Consumption, investment, government spending, and net exports were discussed as the components of ...

Using Learning Assistants in Oral Assessments part of Pedagogy in Action:Library:Teaching with Learning Assistants:Examples
Undergraduate Learning Assistants -- prepared to work productively with students -- have been used to facilitate ungraded, voluntary oral assessments offered prior to exams. Oral assessments last one hour, and are ...

Sales and Purchase Transactions part of Pedagogy in Action:Library:Coached Problem Solving:Examples

Tax Game part of Pedagogy in Action:Library:Teaching with Simulations:Examples
The link between a set of taxes and income distribution is an important, but difficult, concept taught in economics principles courses. The Tax Game simulation requires a student to set tax rates for an income tax, a property tax, a wealth tax, a payroll tax, a corporate income tax, a sales tax,and an excise tax. The student can choose any rates he or she wishes, but must achieve a given revenue target.

MarketSim part of Pedagogy in Action:Library:Teaching with Simulations:Examples
MarketSim helps students understand the functioning of markets by having them become consumers and producers in a simulated economy. There are two versions, both implemented over the internet. Jeremy's market ...

Specialization and Division of Labor part of Pedagogy in Action:Library:Teaching with Simulations:Examples
This example engages students in a simple simulation of specialization and division of labor. All that is needed are staplers and some paper.

General Equilibrium Simulation for Microeconomics part of Pedagogy in Action:Library:Teaching with Simulations:Examples
Teaching general equilibrium analysis to students is challenging. General equilibrium models are typically accessible to only a small handful of mathematically well prepared students. Yet the growing significance ...