This classroom exercise illustrates the strengths and weaknesses of various regulatory frameworks aimed at internalizing negative externalities from pollution. Specifically, the exercise divides students into three groups - the government regulatory agency and two polluting firms - and allows...

In this paper, results from a classroom experiment are analyzed using both MLE and Bayesian Methods. A pop-up review quiz was given to students to test their understanding of microeconomic concepts. After the test, a related economics taboo game where performed in class. Soon after the games...