Here are some key concepts and an activity I just finished to help you practice working with the Production Possibilities Curve. This one applies to both Micro and Macro economics. This graph always shows up on both exams. There are 20 different scenarios to test your knowledge. Give it a try and see if you have what it takes to answer all 20 correctly!
Month: March 2016
Shifting Markets
I just completed an activity to help students practice analyzing how the non-price determinants of supply and demand work to change equilibrium price and quantity. Every demand and supply shifter is covered through the 21 problems. I even included a few questions with elasticity coefficients and double shifts. I have also included key concepts you need to know about supply and demand by test day.
Business Cycle
Expansion, peak, contraction, trough… repeat. And so goes the business cycle. The business cycle is an unfortunate side effect of capitalism. A primary focus of Macroeconomics is the business cycle.
As I got started introducing Macroeconomics to my class I realized a quick activity to identify the different parts of the business cycle could be helpful as an in-class activity or as a quick review for some students. So here it is along with a description of the business cycle and explanation of the macroeconomic goals for the economy.
As I got started introducing Macroeconomics to my class I realized a quick activity to identify the different parts of the business cycle could be helpful as an in-class activity or as a quick review for some students. So here it is along with a description of the business cycle and explanation of the macroeconomic goals for the economy.
Determinants of Supply and Demand
Here you will find a description of the non-price determinants of demand and supply along with a quick little sorting activity to test your skills regarding those determinants; or demand and supply shifters as they are sometimes called.
Bank Balance Sheets
I just added the first macroeconomics review activity. Bank balance sheets have always been a place where my students have struggled. I hope this activity will help make understanding how events impact a bank’s balance sheet easier.
Here you will also find some tips and tricks regarding how to tackle a bank balance sheet question.
Here you will also find some tips and tricks regarding how to tackle a bank balance sheet question.
Oligopolies and Game Theory
The second activity is up and running. This activity covers oligopolies, game theory, and the pay-off matrix. Once you learn how these work, test yourself with this microeconomics activity.
I have also included some tips on how to solve a Game Theory pay off matrix.
I have also included some tips on how to solve a Game Theory pay off matrix.