Scarcity, Incentives, & Opportunity Cost
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Comparative Advantage and Trade
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Supply, Demand, and Equilibrium
Supply, Demand, and Equilibrium Are your students Swifties? Capture their interest by using Taylor Swift to illustrate Supply, Demand and Equilibrium. Swift is so successful in generating demand for her […]
Elasticity
Elasticity Do you increase revenue by lowering or raising prices? It all depends on the price elasticity of demand for your product or service. Brian Spencer is looking for an […]
Price Controls
Price Controls A 16-year old made millions during the pandemic by reselling Walmart products. Other pandemic resellers were prosecuted under price gouging laws. Ask your students what the difference is […]
Externalities & Tragedy of the Commons
Externalities and Tragedy of the Commons No study of the tragedy of the commons would be complete without learning about the insightful work of Elinor Ostrom, the first woman to […]