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Does perfect competition exist? part of Teaching Methods:Team-Based Learning:Activities
In this exercise, students will discuss the reality or perfectly competitive markets. First students will consider the characteristics of a perfectly competitive market for goods and services and discuss how ...

Tax Incidence and elasticity part of Teaching Methods:Team-Based Learning:Activities
This exercise asks student teams to rank their sensitivity to a price change caused by a 10% hypothetical excise tax applied to each of a list of five items. Student rankings will be based on their understanding of ...

Negative Externalities part of Teaching Methods:Team-Based Learning:Activities
This activity encourages team discussion about negative externalities- the case of disturbing noise and air pollution from the airport to nearby neighborhoods. The discussion raises possible solutions and the ...

Supply and Demand in the Context of Uber Surge Pricing part of Teaching Methods:Team-Based Learning:Activities
In this activity, students are asked to determine whether it is better to drive for Uber during busy times and in busy locations when and where surge pricing is in operation or instead to avoid these locations and ...

The Tax Game: What are fair and effective tax rates? part of Teaching Methods:Team-Based Learning:Activities
Based on an online simulation teams choose from five tax regimes that each collect the same tax revenue but do so with different tax rates. Teams predict the impact of their tax choices and then, based on the ...

Tragedy of the commons game part of Teaching Methods:Team-Based Learning:Activities
This application calls on student teams to depict a tragedy of the commons game in strategic form, identify the Nash equilibrium outcome, and consider policies that might improve on an open-access management regime ...

Price Ceilings and Venezuela part of Teaching Methods:Team-Based Learning:Activities
This activity will examine a modern instance of price ceilings and the unintended consequences for the local economy. This activity details how the well-intended goal of a government can lead to disincentivizing ...

Protectionist versus Free Trade Policies part of Teaching Methods:Team-Based Learning:Activities
Prior to class, students listen and read the following: http://freakonomics.com/podcast/china-eat-americas-jobs/. In this episode, Steven Dubner, Freakonomics host, interviews David Autor, an MIT economist, about ...

Identifying Market Structure in the Fast Food Industry part of Teaching Methods:Team-Based Learning:Activities
Students use data to determine whether the fast food industry more closely resembles a monopoly, monopolistic competition, or oligopoly, then decide whether regulation is warranted.

Price Elasticity of Demand part of Teaching Methods:Team-Based Learning:Activities
Teams are given a list of goods and asked to identify what they think are the most elastic and least elastic.