Log in to follow, share, and participate in this community. Not a member? Join Now! 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. 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... 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... The Great Inflation: A Historical Overview and Lessons Learned This history and data lesson from the Fed includes questions for students. 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... 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... 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;... Preferences for Distribution of Income (experiment) Students decide on income payoffs with varying types of risk. Income redistribution (experiment) Students must decide how to allocate a pot of tax revenue. Labor market discrimination (experiment) As employers, students make hiring decisions with incomplete information. Illustrates inefficiencies from discrimination. Job search (experiment) Students accept or reject wage offers, highlighting search costs and labor market interactions. Statistical discrimination (experiment) Web-based game with students acting as employers and workers. Can also be done manually without internet access Compensating differentials (experiment) Pairs of students negotiate completion of two tasks, one pleasant and one unpleasant. 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... Parking game (experiment) In the role of commuters, students choose among parking lots in multiple rounds with different forms of price discrimination. 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... 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 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... 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... 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.