• Functions of Money Activity

    Functions of money (cooperative learning) Students analyze how specific items fulfill the functions of money and discuss their responses with peers. [money] Follow-up questions could be asked using clickers.
    jennifer.imazeki
    last modified by Lindsay Neff
  • Spending Strings Activity

    Spending Strings (demonstration) Using spending and output cards, instructor can show students how various policies affect equilibrium, unemployment and inflation. Can have students predict outcomes first; prediction...
    jennifer.imazeki
    last modified by Sonya Tiratsuyan
  • Double-oral Auction Activity

    Double-oral auction (experiment) The grand-daddy of economics experiments! Students are assigned roles as buyers and sellers, and trade in a simulated market. There are many, many variations of this activity (see, fo...
    jennifer.imazeki
    last modified by Sonya Tiratsuyan
  • The Great Inflation: A Historical Overview and Lessons Learned

    The Great Inflation: A Historical Overview and Lessons Learned This history and data lesson from the Fed includes questions for students.
    Solina Lindahl
    last modified by Solina Lindahl
  • Making Sense of Unemployment Data

    Job growth has been healthy over the past five years. However, many people are still concerned about the overall health of the labor market. This module explains what the unemployment rate does—and does not...
    Solina Lindahl
    last modified by Solina Lindahl
  • The Stock Market  and Resources

    The Stock Market Game is a fully-fledged game and apps designed to help students with financial literacy " What would you do if you were given $100,000? Would you spend it all at once? Would you think about...
    Solina Lindahl
    last modified by Solina Lindahl
  • Which Came First - Democracy or Growth? Activity

    Which Came First - Democracy or Growth? Students calculate real and nominal GDP and GDP per capita for three countries and analyze the differences. [note: lesson also discusses growth and the role of economic freedom;...
    jennifer.imazeki
    last modified by Solina Lindahl
  • Preferences for Distribution of Income Activity

    Preferences for Distribution of Income   (experiment)   Students decide on income payoffs with varying types of risk.
    jennifer.imazeki
    last modified by jennifer.imazeki
  • Income Redistribution Activity

    Income redistribution   (experiment)   Students must decide how to allocate a pot of tax revenue.
    jennifer.imazeki
    last modified by jennifer.imazeki
  • Labor Market Discrimination Activity

    Labor market discrimination   (experiment)   As employers, students make hiring decisions with incomplete information. Illustrates inefficiencies from discrimination.
    jennifer.imazeki
    last modified by jennifer.imazeki
  • Job Search Activity

    Job search   (experiment)   Students accept or reject wage offers, highlighting search costs and labor market interactions.
    jennifer.imazeki
    last modified by jennifer.imazeki
  • Statistical Discrimination Activity

    Statistical discrimination (experiment) Web-based game with students acting as employers and workers. Can also be done manually without internet access
    jennifer.imazeki
    last modified by jennifer.imazeki
  • Compensating Differentials Activity

    Compensating differentials   (experiment)   Pairs of students negotiate completion of two tasks, one pleasant and one unpleasant.
    jennifer.imazeki
    last modified by jennifer.imazeki
  • 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
  • Market Entry/Exit Activity

    Market entry/exit (experiment) As producers, students choose one of four markets to enter and observe how profits respond. [entry/exit, long-run] Also see Variations here and here
    jennifer.imazeki
    last modified by jennifer.imazeki
  • Free Riding Activity

    Free riding (experiment) Students are asked to contribute to a public good; free-riding inevitably ensues. (public goods, free-riding) There are many variations of this game (e.g., see Games Economists Play) For l...
    jennifer.imazeki
    last modified by jennifer.imazeki
  • Common Property Activity

    Common Property (experiment) Students jointly own a common resource and must make consumption decisions over multiple rounds. Here are many variations of this game, generally using different goods as the common res...
    jennifer.imazeki
    last modified by jennifer.imazeki
  • Public Goods and Sorting Activity

    Public goods and sorting   (experiment)   Students vote on provision of a public good; in subsequent rounds, students may move to different communities with different provision levels.
    jennifer.imazeki
    last modified by jennifer.imazeki