Making Rational Decisions in Economics - the Role of Sunk and Marginal Costs Activity

[steven_huang]

Making rational decisions in economics - the role of sunk and marginal costs

(cooperative learning, Just-in-time-teaching)

Students consider whether a decision to go to the beach in the rain so as not to 'waste' a pre-payment that was already made is "rational"

• Can have students complete individually, with think-pair-share or small groups. In larger classes, student responses can be collected using clickers.

[steven_huang]

Making rational decisions in economics - the role of sunk and marginal costs

(cooperative learning, Just-in-time-teaching)

Students consider whether a decision to go to the beach in the rain so as not to 'waste' a pre-payment that was already made is "rational"

• Can have students complete individually, with think-pair-share or small groups. In larger classes, student responses can be collected using clickers.