Economics Professor how-to
How to Teach Supply and Demand with a Classroom Market
Experiments make theory real.
Quick answer
Experiments make theory real. In short: give; run; record, then complete the remaining steps below.
Step by step
Give students buyer and seller cards.
Run trading rounds.
Record prices.
Plot results.
Compare to theory.
Discuss.
Safety reminders for economics professors
- Protect research data
- Follow research ethics
- Protect student privacy
- Follow campus safety
Key terms
Tenure · Adjunct · Syllabus · Peer review · Office hours · Sabbatical: see the full economics professor glossary.