Behavioral

Gift Giving

This poll question is a great way to begin a discussion on the deadweight loss of gift giving (Waldfogel, 1993). After surveying your class with this Kahoot play a short video from Adam Ruins Everything:

Ask your students if they think gift giving really creates deadweight loss or did Waldfogel’s analysis miss any crucial valuations.

Course Used: Principles of Micro
Quiz Nature: Discussion starter
Question Length: 1
Estimated Time to Play: Anywhere from 2 to 10 minutes depending on how much follow-up is needed.

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Micro

Elasticity and Taxes

This assessment question has two layers. First to answer the question correctly, the student must understand elasticity. Second, the student must understand that the tax burden is a function of the interplay between the price elasticity of demand and the price elasticity of supply. Unless your students are well-prepared and already understand this concept well, it is a good idea to illustrate the correct answer graphically to reinforce understanding.

Course Used: Principles of Micro
Quiz Nature: Discussion Starter
Question Length: 1
Estimated Time to Play: Anywhere from 2 to 10 minutes depending on how much follow-up is needed.

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Micro

Environmental Economist

The question, “Are you an environmental economist?” is a great discussion starter. Many students find economic solutions to environmental issues to be especially challenging because economists consider on trade-offs. An environmental economist focuses on the benefits and costs of environmental decisions, whereas an environmentalist views the benefits of saving the environment as greater than the cost. By posing this question at the beginning of this topic you’ll be able to introduce marginal thinking as an important decision-making rule.

Course Used: Principles of Micro
Quiz Nature: Discussion Starter
Question Length: 1
Estimated Time to Play: Less than 5 minutes with discussion.

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Behavioral

Framing

This question recreates one of the classic behavioral findings about framing. When confronted with a choice that has the same expected probability, people are often swayed by the way the choices are presented. Would you rather have a 10% chance of mortality or would you rather have a 90% chance of survival are the same but, not surprisingly people predictably choose a 90% chance of survival.

Course Used: Principles of Micro
Quiz Nature: Discussion Starter
Question Length: 1
Estimated Time to Play: Less than 2 minutes.

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Macro, Micro, Public Kahoots

Production Possibilities Quiz

This quick short quiz starts easy and gets harder for most students. It is best to play this Kahoot after going through the PPC thoroughly. Most students miss question 4 on whether unemployment shifts the PPC in or not.

This Kahoot! is publicly available.

Course Used: Principles of Micro, Principles of Macro
Quiz Nature: Concept Review
Question Length: 5
Estimated Time to Play: Less than 10 minutes.

Labor, Micro

Living on Minimum Wage

A lot of the social push for higher minimum wages focuses on the need to provide a living wage or to lift workers out of poverty. This Kahoot quiz covered a variety of looks at how the minimum wage impacts different segments of the economy and whether its a solid enough tool to address poverty concerns. Before the quiz, students are asked two watch two YouTube videos from We The Economy on inequality:

While these two focus on the debate portion of minimum wage legislations, students are asked to review a 1987 New York Times opinion piece that pushes for the abolishment of a minimum wage. Most students tend to think the status quo is the only option beyond an increase, but there is a segment of the population that argues for the abolishment. Finally, students look at a recent attempt by California to boost their entire state’s minimum wage to $15 per hour. This article by FiveThirtyEight argues that a lift in the minimum wage only really impacts different portions of the state and leads students to the idea that different regions may be better off determining their own minimum wage.

Course Used: Labor Economics
Quiz Nature: Video and Reading Quiz
Question Length: 7 Questions
Estimated Time to Play: 10 minutes

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