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Students often struggle with the difference between the standard demand-supply model and the labour one. This exercise can be used after students are familiar with the labor market model. The aim of this exercise is for them to relate with the suppliers of labor and better understand how the model works. Students should be familiar with the following topics before doing this exercise : Supply and demand of labor, elasticity of demand and supply.

In this activity, students look at the options they have after they graduate with an economics degree and determine whether they should continue studying or enter the labor market. In the process of selecting their next move they will need to identify the factors that most strongly influence people's decision to enter the labor market. Students will connect their own decisions with the determinants of the supply curve in the labor market model. They will go through different supply ''shifters'' and apply the concept of elasticity of labor supply in practice.

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