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Students will draw supply and demand curves and identify the areas that represent consumer and producer surplus. They will work in pairs to discuss the impact of shifts in the supply and demand curves on the surplus areas.

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Provide students with various scenarios and data points. Ask them to calculate consumer and producer surplus for each scenario. This activity can be done individually or in small groups.

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Students will research recent news articles to find real-world examples of consumer and producer surplus. They will present their findings to the class and discuss how these concepts apply to different industries.

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Can you provide a real life example of when you experienced consumer surplus and explain why this is a good example of consumer surplus?

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Answer (1 of 2): I experienced some unanticipated consumer surplus a few days ago. I was buying groceries, and I was very surprised when I walked through the soda aisle. I love soda, I only drink diet soda, and I like variety. There are two relatively recent varieties (Coke Zero Orange and Vanil...

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Organize a market simulation where students act as consumers and producers. Assign different prices and quantities to goods, and let students negotiate and trade. After the activity, discuss the resulting consumer and producer surplus.

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Conduct a class auction where students bid on items. Analyze the consumer and producer surplus generated from the auction. Discuss how auction prices compare to equilibrium prices in a market.

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Debate: Government Intervention and Surplus

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Debate: Government Intervention and Surplus

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Divide the students into two groups to debate the impact of government intervention (such as price floors and ceilings) on consumer and producer surplus. Have each group present arguments and counterarguments.

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Provide a case study where government policies affected consumer and producer surplus. Discuss in groups how these policies influenced market outcomes and individual welfare.

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Instructors use real and problematic situations to prepare questions and provocations to initiate class discussion and promote interactivity during class.

Using a Community of Inquiry Lens to Examine Synchronous Online Discussions in Graduate Courses

Barbara Brown (University of Calgary, Canada) and Sarah Elaine Eaton (University of Calgary, Canada)

DOI: 10.4018/978-1-7998-3292-8.ch010

Instructors use synchronous sessions in higher education online courses to connect with students in real-time discussions. In this qualitative study, researchers examined 12 recordings of synchronous activity in four educational research graduate courses. Students completed a survey with open-ended questions after each synchronous session, and students and instructors were interviewed at the end of the term so that researchers could learn more about how synchronous online discussion cultivated a scholarly community of inquiry. Findings suggest that engagement strategies, such as student-facilitated presentations and case study discussions, fostered social presence, teaching presence, and cognitive presence. Findings also suggest that engagement strategies were valuable for promoting interactivity during synchronous sessions. Although synchronous discussions were used as a pedagogical approach and companion to asynchronous course work to support students' learning, unreliable technology presented challenges, possibly limiting the quality of discussions in online environments.

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What is Case Study Discussion? Definition of Case Study Discussion: Instructors use real and problematic situations to prepare questions and provocations to initiate class discussion and promote interactivity during class.

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Students will create an infographic that explains consumer and producer surplus. They should include definitions, graphical representations, and real-world examples.

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Students will create and perform skits that depict scenarios involving consumer and producer surplus. This helps in better understanding by visualizing how surplus affects decision-making of consumers and producers.

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The teacher setting classroom rules #comedy #skits #teachercomedy #youtubeshorts #comedyskits #funny

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Utilize an online platform to create a quiz on consumer and producer surplus. Include questions that test students’ understanding of key concepts and graphical analysis.

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Quiz Maker: Make a Quiz Online for Free | Canva

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Use our free quiz maker online to create fun quizzes and tests in minutes about any topic, on any gadget you have on hand.

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Using economic simulation software, students will participate in a virtual market experiment to observe how changes in supply and demand affect consumer and producer surplus.