In a sales transaction, both the selling and buying entities have economic events that must be recognized in their accounting information system. Students enrolled in a principles of financial accounting course often confuse the accounts to be used by the seller and buyer. This problem-based learning activity helps students practice recording a business-to-business sales/purchase transaction that included credit terms from both perspectives. The problem applies the gross method for recording sales and purchases for a perpetual inventory scenario.

Lesson Objective: At the completion of this lesson, students will understand the meaning of scarcity and opportunity cost. Students will explain how scarcity and opportunity cost affects decisions made by households, businesses, and governments. Supplies NeededStudent Handout 1The Cost of Your Future (1 per student) (found in Task 3)Student Handout 2Scarcity and Opportunity Cost Quiz (1 per student) (found in Task 7)Student Handout Answer Key 2Scarcity and Opportunity Cost Quiz (found in "Resource Library")Teacher Resource 1Dingell hosts community round table on higher education (found in "Resouce Library")Video 1Gangnam Style (4:12) (found in Task 1)Video 2EconEdLink Opportunity Cost (found in Task 2)Video 3Four Years to Broke: The Real Cost of College (6:06) (found in Task 4)Video 4Production Possibilities Curve- Econ 1.1 (found in Task 5)  References “Dingell Hosts Community Round Table on Higher Education.” The Michigan Daily. N.p., 9 Apr. 2015. Web. 19 Apr. 2015. EconEdLink: Council for Economic Education. (n.d.). Economic Glossary. Retrieved from http://www.econedlink.org/economic-resources/glossary.php and http://www.econedlink.org/interactives/index.php?iid=190 EconEdLink: Council for Economic Education. (n.d.). "Opportunity Cost." Opportunity Cost. EconEdlink, n.d. Web. 19 Apr. 2015. Ferguson, Lisa. “4 Years to Broke: The Real Cost of College.” YouTube. YouTube, 30 Apr. 2014. Web. 19 Apr. 2015. G.S. and G.D. (2014, June 3). “The Hidden Cost of Gangnam Style.” Retrieved from http://www.economist.com/blogs/graphicdetail/2014/06/daily-chart-1 MBA dictionary. (n.d.). Retrieved November 15, 2014, from MBAResearch and Curriculum Center “PSY-Gangnam Style (Official Music Video).” YouTube. YouTube, 23 Oct. 2012. Web. 19 Apr. 2015.

The send-a-problem activity helps students make a connection between real world data and theoretical models.

Students will produce a report for a local non-profit organization in which they will evaluate the effectiveness of vocational training in improving the labor market opportunities for non-college bound youths. The report will be used by the organization when applying for grants.

Spreadsheets Across Curriculum module. Students build spreadsheets to tabulate, graph and compare the future value of investments with compound vs. simple interest. Spreadsheet level: beginner.

Designed for students of Hispanic descent and raised in the US. Expands oral and written grammar study and increases contact with standard Spanish. Studies recent fiction and poetry as well as specific historical, social, economic, and political aspects of Mexican-American, Puerto Rican, and Cuban cultures. Many of the nonliterary readings are in English; class discussions in Spanish. Taught in Spanish. Fron the course home page: Course Description Spanish for Bilingual Students is an intermediate course designed principally for heritage learners, but which includes other students interested in specific content areas, such as US Latino immigration, identity, ethnicity, education and representation in the media. Linguistic goals include vocabulary acquisition, improvement in writing, and enhancement of formal communicative skills.

This lesson is divided into two student readings. The first reading compares the scope of the present student debt crisis with the past and discusses what has changed. The second reading explores some proposals for dealing with the student debt crisis. Discussion questions aimed at getting students to think critically about the student debt problem and its possible solutions follow each reading.

This course provides an in-depth technical and policy analysis of various options for the nuclear fuel cycle. Topics include uranium supply, enrichment fuel fabrication, in-core physics and fuel management of uranium, thorium and other fuel types, reprocessing and waste disposal. Also covered are the principles of fuel cycle economics and the applied reactor physics of both contemporary and proposed thermal and fast reactors. Nonproliferation aspects, disposal of excess weapons plutonium, and transmutation of actinides and selected fission products in spent fuel are examined. Several state-of-the-art computer programs are provided for student use in problem sets and term papers.

Students carry out a naturalistic observation study in order to test the hypothesis that there are sex differences in risk-taking. Students collect and analyze data and prepare APA style research report.

An "oldie but goodie" this 1983 case (revised in 1990), is set in December 1981, when the international arrangement governing international trade in textiles is up for renewal. The US, Europe and developing countries must decide how to divide the international textile market. The debate in the case focuses on who wins and loses from protectionism. There are eight pages of text and eight more pages of data and exhibits.

College students in an intermediate micro-economic theory class teach economic concepts to elementary school students.

The course was a senior-level 3 credit seminar designed primarily for junior and senior economics majors and minors. This capstone-type course offered an opportunity for 18 students to learn about urban economics as it applies to local economic development while being actively involved in the actual practice of community and economic development through a partnership with Burlington's innovative Community and Economic Development Office (CEDO). Specifically, Students conducted the following activities for CEDO's economic development division: 1. Collected data to enable an up-to-date understanding of economic/demographic trends and conditions in Burlington and the region. CEDO has previously hired outside consultants to periodically produce a data rich document titled "Jobs and People." My students put together "Jobs and People IV." Key contributions unique to J&P IV were the construction of time series based on NAICS instead of SIC industry codes and the addition of variables to reflect Burlington's movement away from manufacturing to an economy based more on the arts, technology and sustainable agriculture. This report is now used throughout the state of Vermont. 2. Developed a dataset in excel with formulas and sources that makes it easy for CEDO staff to keep "Jobs and People" continuously updated and to modify the data and charts to meet their changing needs. CEDO will now need to rely less on expensive outside consultants. Students conducted the following activities for CEDO's community development division: 1. Conducted a survey of Burlington residents on their quality of life in the historical but economically challenged Old North End neighborhood. The survey was also designed to gather information about the types of supports residents want and to identify the role played by CEDO sponsored neighborhood associations in resident perceptions of quality of life.

An exercise designed to facilitate understanding of the impacts of price controls on market outcomes, with a follow up exercise covering these and related concepts.

A three-semester Honors Thesis in economics allows students to integrate their entire undergradaute economics experience into a challenging, meaningful, creative research project.

The course provides a survey of the theory and application of time series methods in econometrics. Topics covered will include univariate stationary and non-stationary models, vector autoregressions, frequency domain methods, models for estimation and inference in persistent time series, and structural breaks.

We will cover different methods of estimation and inferences of modern dynamic stochastic general equilibrium models (DSGE): simulated method of moments, Maximum likelihood and Bayesian approach. The empirical applications in the course will be drawn primarily from macroeconomics.

Project Description: This project introduces students to entrepreneurship as well as economic systems, developing nations, and transitional economies. Each team will conduct thorough research on the economies of three diverse nations and determine which of those countries is most hospitable and supportive of entrepreneurship and private business ownership. After identifying which of the three is most ideal for entrepreneurship, the team will create promotional pieces of its choice (e.g., television commercial, series of advertisements, podcast, etc.) to persuade would-be entrepreneurs to start their businesses in that particular country.The attached project document (found in the Resource Library) includes step-by-step instructions, templates, briefings, resources, and rubrics to help guide the project. Driving Question: Which countries are most supportive of entrepreneurship and personal business ownership? Timeframe: 2 weeks

This lesson teaches students about comptition, with a focus on ethics. First, use the Discussion Guide (found in Task 1) to teach students about this concept. Then, use the ethical case study and response questions to assess their understanding. This activity allows students to understand competition and its impact in society. A full lesson module related to this concept can be found on the MBA Learning Center. Visit mba.instructure.com and search for "EC:012" in the Commons. 

In this interactive exercise, students explore the normative and economic issues that arise from minimum wage increases.

This ILD helps students to understand the relationship between total revenue and price elasticity of demand.

Spreadsheets across the Curriculum module. Students build Excel spreadsheets to calculate monthly mortgage payments and evaluate how much of their payment is applied to the principle and interest.