Unit 2
Economic Models
Reading
Read Ch. 2 "Economic Models"
Topics
Factors of Production
Supply and Demand
Production Possibilities curve
Using Excel in class
U.S. Gov't sources of revenue
Report on your "Travel Budgets"
Labs
"World Oil Supremacy" - a classroom experiment on cartels and human behavior
"Risk and Reward Game" - a classroom simulation in stock & bond portfolio allocation
Read Ch. 2 "Economic Models"
Topics
Factors of Production
Supply and Demand
Production Possibilities curve
Using Excel in class
U.S. Gov't sources of revenue
Report on your "Travel Budgets"
Labs
"World Oil Supremacy" - a classroom experiment on cartels and human behavior
"Risk and Reward Game" - a classroom simulation in stock & bond portfolio allocation
Below: If consumers were persuaded by Chick-fil-A to eat more chicken and less beef, would the cattle population increase or decrease? Be careful, the answer might not be obvious...
| 2._economic_models_homework_questions.docx |
| 2._yeti_coolers_assignment1.docx |
| Wall Street Journal article on YETI Coolers |
| Lecture slides from class |
Paying "Duck Dynasty" to feature your coolers on their show is a technique known as "Product Placement"
