"The Microeconomics of Baking Cookies: Teaching with Cooking Demonstrations" Featuring Jim Hornsten

Video created by Jennifer Bilello Employee on Dec 4, 2017

    Faculty are sometimes asked to give audience-friendly, informal lectures outside of the classroom, such as a “fireside chat” at a residential hall. This talk will describe how to teach a wide variety of microeconomic concepts (e.g., supply and demand, economies of scale/scope/experience, input substitutability, marginal productivity, inefficiency, moral hazard, externalities, sin taxes, comparative statics) in the context of a live cooking demonstration. I prefer baking cookies in a kitchen, but one could adapt the cooking demo format to other dishes or for classroom use.