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jennifer.imazeki
Trading with comparative and absolute advantage (cooperative learning, experiment) Students are separated into groups, representing different countries, and given worksheets with production information. One country has an absolute advantage in both goods. Groups choose resource allocations to maximize utility and then can trade with the other…
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Solina Lindahl
Spent is a free online game about surviving poverty and homelessness created by ad agency McKinney for pro bono client Urban Ministries of Durham (UMD), whose mission "is to provide food, clothing, shelter and supportive services to neighbors in need".[1] Players must make the difficult decisions necessary to live for one month on $1,000, often…
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Solina Lindahl
"It is better to light a candle than to curse the darkness." -William L. Watkinson   This is the quote my students see at the end of their reflection on service learning.  For five percent of their grade, my students are required to log at least 12 hours in service with a pre-approved and vetted agency that serves the hungry, homeless or those…
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jennifer.imazeki
Deriving a demand curve (experiment) Instructor asks the class how many students would be willing to pay various prices for a specific good. Results are tabulated into a demand curve. Extensions include changing the conditions to shift the curve (e.g., would demand for a cold soda change if the day were hotter/colder). or larger classes, can be…
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Eric Chiang
Click to view contentAt the start of each school term, office supply stores tend to offer fantastic deals on school supplies. The following ad is a great example to show. Show this ad after you discuss how elasticity affects total revenue, and then ask "If school supplies are an inelastic good, why would stores discount them instead of raise prices to maximize…
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