Learn Activity 5-B-3

Option 1:

“Chuck E. Cheese’s: Where a Kid Can Learn Price Theory” podcast at
http://freakonomics.com/podcast/chuck-e-cheeses-kid-can-learn-price-theory/

In this podcast, the discussion is specific about Chuck E. Cheese’s pricing. The podcast illustrates how Chuck E. Cheese’s pricing may lead to kids hogging popular and long games. They theorize that this may be lead to the adult fights we sometimes have seen on the media.

This is a great exam to discuss price theory, equilibrium price, what happens when price is set below equilibrium and so on. I am planning on using this for an online discussion where students have to listen to this podcast and then answer related questions. My plan is to have each student answer two questions bundled into one. They would have to read the materials and listen to the podcast to answer their assigned question.

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