Core Principles Activities

Document created by Elizabeth Uva Employee on Apr 2, 2015Last modified by Elizabeth Uva Employee on Apr 14, 2015
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Activities

Auctioning seats

Classroom seats are auctioned off on the first day

  • Can follow with discussion of allocation mechanisms by asking students for alternative ways to allocate the seats

 

Making rational decisions in economics - the role of sunk and marginal costs

Students consider whether a decision to go to the beach in the rain so as not to 'waste' a pre-payment that was already made is "rational" [sunk/marginal costs]

  • Can have students complete individually, with think-pair-share or small groups. In larger classes, student responses can be collected using clickers.

 

Cafeteria trays

Students analyze a proposal to eliminate trays in the school cafeteria.

  • Can have students complete individually, with think-pair-share or small groups. In larger classes, student responses can be collected using clickers.

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