These case studies require students to visit several Websites and to use economic concepts to reflect on what they find. Several case studies involve simple calculations.
Focus: Using the principle of opportunity cost to think like an economist.
Examples: Selecting a major and the coice of a career.
Focus: Supply and demand, price ceilings and price floors.
Examples: The market for gasoline and the minimum wage.
Focus: Real versus nominal values.
Examples: Gross domestic product, gas prices, and a comparsion of living costs in different US cities.
Focus: Long run economic growth.
Examples: A cross section of countries.