• Market Concentration Activity

    Market concentration (experiment) Students must make production decisions over several periods as the market becomes more concentrated. There are several variations of this experiment available (for example, see here...
    jennifer.imazeki
    last modified by jennifer.imazeki
  • Parking Game Activity

    Parking game   (experiment)   In the role of commuters, students choose among parking lots in multiple rounds with different forms of price discrimination.
    jennifer.imazeki
    last modified by jennifer.imazeki
  • Prisoner's Dilema Activity

    Prisoner's Dilema (experiment) Students must decide to collude or compete when faced with the standard Prisoner's Dilema payoff matrix. [oligopoly] There are several sources/variations of this experiment (such as h...
    jennifer.imazeki
    last modified by jennifer.imazeki
  • Is Wall Street a Bull or a Sheep?  An art critic's view of the market and its implication for two famous Wall Street sculptures

    A wonderfully funny, relevant, and insightful opinion on markets by New York Magazine art critic Jerry Saltz, responding to NPR 's question: should the sculpture of a fearless girl in Wall Street be in front...
    Jose Vazquez
    last modified by Jose Vazquez
  • A simple game theory classroom game with Clickers

    This is a very simply classroom game I do with my students to cover ideas of Nash equilibrium and Prisoner's Dilemma.  It can also show ideas about public goods and externalities.  It is an adaption from Hem...
    Jose Vazquez
    last modified by Jose Vazquez
  • What are some interesting ways in which firms use percentages in ads?

    A common example that I bring up in class is how firms use percentages in interesting ways to make consumers believe they are getting a better deal than they actually are getting. Here are two examples: 1) BOGO (buy ...
    Eric Chiang
    last modified by Eric Chiang
  • Teaching with Pictures

    Adding pictures to your presentations is a very easy way to increase student’s attention and retention on what you tell them.  In fact, according to John Medina and his very popular book “Brain Rules&...
    Jose Vazquez
    last modified by Jose Vazquez
  • "Name That Butt!" Product Differentiation in Monopolistic Competition

    The most important characteristic of monopolistic competition is product differentiation. But students sometimes find it difficult to relate how product differentiation translates into potentially widely varying price...
    Eric Chiang
    last modified by Eric Chiang
  • Price Consulting Activity

    Price consulting (context-rich problem) Students advise two different companies on pricing strategies where it is easier for one of the companies to discriminate among customers. This is a good demonstration for la...
    jennifer.imazeki
    last modified by jennifer.imazeki
  • Privilege to Pee Activity

    Privilege to Pee   (Econ video, song from Urinetown musical)   When water is in short supply, citizens must pay a tax for using the toilet, generating more profit for the monopolist controling toilet access.
    jennifer.imazeki
    last modified by jennifer.imazeki
  • Monopoly, oligopoly, monopolistic competition

    Industries with large fixed costs and small, constant marginal costs will generally   A. have many small firms B. have one or a few large firms C. be highly competitive D. be allowed to set prices at whatever...
    Elizabeth Uva
    last modified by Elizabeth Uva