Technology change effect; Capital change effect; Division of labor
Students will be divided into 2 groups to compete on the number of moebius strip they can produce.
TP, AP and MP curves.
EconExperiments - Diminishing Marginal Returns
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Production function; Law of diminishing returns; | ||
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Fixed factor; Variable factor; | ||
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Total product; Marginal product; Average product; | ||
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Technology change effect; Capital change effect; Division of labor |
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| Brief description: | |||
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Students will be divided into 2 groups to compete on the number of moebius strip they can produce. |
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In the first round, capital is fixed and technology is primitive. Since an additional student (a variable factor) will be added into the production process after every 30 seconds of production, the law of diminishing marginal returns will be observed. | ||
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In
the second and third round, a new piece of capital and a "high-tech"
capital will be added respectively. Thus, students can observe and experience
the effects on production, especially when they are required to record their
production data and plot
the TP, AP and MP curves. |
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Teaching Materials:
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6) Powerpoint Presentation of the Lesson (English) |
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Past Users:
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Related
Information
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Results Obtained
[PDF] (50k)
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Results Obtained
[PDF] (92K)
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3) 12.8 Workshop participants |
Photos
(2267K)
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Results Obtained
[PDF] (48k)
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