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  • Teaching and Learning Economics (SERC)
Marginal Analysis Context-Rich Problem
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In this problem, students consider the benefits of reduced tray usage in school cafeterias by comparing the cost savings of having to clean fewer trays against the opportunity cost of increased labor and energy costs to clean the cafeteria after meals.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Date Added:
04/12/2023
Opportunity Cost and Normal Profit: Using Media to Teach Economics
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A public interest group claims that pharmaceutical companies overstate the costs of developing drugs because they include the foregone earnings from the money invested in drug development. The story can be used to discuss the concepts of opportunity cost and normal profit.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Lecture
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Date Added:
04/12/2023
Perfect Competition: A Context Rich Problem
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Students find the profit-maximizing level of output for a perfectly competitive firm and check the shut-down condition for two different prices.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Date Added:
04/12/2023
Principles of Economics: Understanding Opportunity Cost, Comparative Advantage, and Absolute Advantage
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In principles of economics students many times have trouble understanding the concept of opportunity cost, connecting opportunity cost to comparative advantage, and differentiating between absolute advantage and comparative advantage. This activity allows the instructor to detect whether a large number of students exhibit any of these misconceptions, and then focus on the most problematic concepts in class.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Date Added:
04/12/2023
Principles of Economics: Understanding Opportunity Cost, Comparative advantage, and Absolute Advantage
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In principles of economics students many times have trouble understanding the concept of opportunity cost, connecting opportunity cost to comparative advantage, and differentiating between absolute advantage and comparative advantage. This activity allows the instructor to detect whether a large number of students exhibit any of these misconceptions, and then focus on the most problematic concepts in class.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Date Added:
04/12/2023
Recycle -- or Not?  A Case from New York City
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A case for the analysis of externalities (social costs and benefits) in the context of recycling. Drawn from a program in New York City.

Subject:
Economics
Political Science
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Date Added:
04/12/2023
Rescuing the Aral Sea: Use of Case Method
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A case based upon the environmental devastation of the Aral Sea that illustrates economic concepts of opportunity cost and social marginal cost.

Subject:
Applied Science
Business and Communication
Ecology
Economics
Environmental Science
Life Science
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Date Added:
04/12/2023
Retinitis pigmentosa: Genetic Eye Disease
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By examining the progress of a genetic eye disease, students learn about eyes, genetic disorders, and neurons in this case designed for clickers and large lecture sections.

Subject:
Life Science
Material Type:
Activity/Lab
Assessment
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Date Added:
04/12/2023
Seinfeld: The Baby Shower
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This is a clip from Seinfeld in which Jerry does a cost -benefit analysis of installing illegal cable. He decides to commit the crime when he finds out there will be 75 televised Mets games on TV.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Lecture
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Date Added:
04/12/2023
Setting up a Keynesian Cross Model in Excel
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This Excel spreadsheet assignment brings students step-by-step through the process of solving and analyzing a Keynesian cross model. It is most appropriate for principles-level macroeconomics courses.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Data Set
Lecture Notes
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Date Added:
04/12/2023
The Simpsons, "New Kid on the Block"
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This is an excellent clip from The Simpsons that demonstrates the concept of diminishing marginal utility and marginal analysis.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Date Added:
04/12/2023
Stata Monte Carlo Simulation for Heteroskedasticity
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This is a simulation for a beginning econometrics course that shows students how heteroskedasticity biases an estimator and why the power of a statistical text is important.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Simulation
Teaching/Learning Strategy
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Date Added:
04/12/2023
Statistical Discrimination and Motherhood: Using Media to Teach Economics
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A news story interviews a woman who claims that it was difficult for her to find employment because she had children. The story is used to examine the concept of statistical discrimination and whether public policy should be used to discourage statistical discrimination in this case.

Subject:
Business and Communication
Economics
Social Science
Sociology
Material Type:
Activity/Lab
Lecture
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Date Added:
04/12/2023
Tax Burden Context-Rich Problem
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Students are asked to write a letter to the editor of their newspaper to explain their point of view as a seller in a market that is about to experience an increased sales tax rate.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Date Added:
04/12/2023
Teaching Case: Maine Turnpike Toll Discounts
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This is a very short case about a coupon experiment on the Maine Turnpike that can be used very early in Micro Principles courses to motivate the introduction of demand curves, elasticity and externalities that comes later in the course.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Date Added:
04/12/2023
Too Many Deer? A Public Hearing
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Students reenact a public hearing to determine how to manage a deer herd that is overpopulated.

Subject:
Applied Science
Ecology
Environmental Science
Life Science
Political Science
Social Science
Material Type:
Activity/Lab
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Date Added:
04/12/2023
Using Census Data to Identify a Town's Housing Needs:  A Student/Faculty Collaborative Research and Service Learning Experience
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In this classroom project, students and faculty help a local housing non-profit identify area U.S. Census tracts most in need of its assistance in promoting decent and affordable homeownership to low- to moderate- income individuals. While this example describes an experience in a small, upper-level elective economics course, it includes suggestions for modifications of design and learning goals for other learning levels and environments.

Subject:
Economics
Social Science
Sociology
Material Type:
Activity/Lab
Teaching/Learning Strategy
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Date Added:
04/12/2023
Using Student Data from Your Own College or University to Identify the Best Predictors of Student Success in College
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In this individual research project, a senior thesis student conducts a regression analysis that explores whether high school GPA or standardized test scores are better predictors of the cumulative GPAs of college graduates at her own university. The data are easily obtainable from the Office of Institutional Research. The project can be modified to be a group research project in a Research Methods Class or a Special Topics Upper Level Economics class.

Subject:
Economics
Social Science
Sociology
Material Type:
Activity/Lab
Teaching/Learning Strategy
Provider:
Science Education Resource Center (SERC) at Carleton College
Provider Set:
Teaching and Learning Economics (SERC)
Date Added:
04/12/2023