4 results found
In this active learning lesson, students apply economic concepts to a professional baseball league. The lesson underscores the importance of incentives, control of supply, and potential market inefficiencies resulting from a cartel. Students assume one of two roles: either (i) a member of a team owner group trying to get its team into the Professional Baseball League or (ii) a member of the Professional Baseball League Expansion Committee deciding whether new teams are admitted.
Market Structures: Monopolistic Competition interactive whiteboard slides present graphs related monopolistically competitive firms. The slides illustrate firms' short-run decisions.
Market Structures: Monopoly interactive whiteboard slides present graphs related monopolies. The slides illustrate firms' short-run decisions.
Looks at the meaning of "free enterprise" and examines the four components of a free enterprise system, households, businesses, markets and governments.