To compete against other fast food chains in a monopolistically competitive market,, McDonald’s needs a speedy drive-thru.
Each lesson plan combines a 5-minute read of an online blog post and then a series of fact questions and an analytic activity. The lesson plans provide a mini economics course because each one includes current events facts and an economic concept.
Learn With Elaine: Panama Canal Expansion
Wide enough for huge container ships, the newly expanded Panama Canal will boost global trade and production.
Learn With Elaine: Misleading Metrics
Like factory quotas, snake bounties, or college ranking, sometimes incentives can create unintended consequences.
Learn With Elaine: Uber’s Driver Shortages
Related to universal supply side incentives, Uber’s driver shortages display the power of the higher prices that motivate producers.
Learn With Elaine: Tokyo 2020
Seemingly simple, the pandemic delays that created ticket refunds for the Tokyo 2020 Olympics have an immense cost.
Learn With Elaine: Banana Problems
Echoing what happened during the 1950s, banana problems with a spreading fungus mean we will again need a new kind of banana.
Learn With Elaine: Logo Changes
Logo changes from corporations and government agencies convey a message about branding and product differentiation.
Learn With Elaine: An African Trade Deal
Looking at a recent African trade deal, we can debate the many sides of free trade.