Material Detail

This activity was designed for principles courses that include an asymmetric information component. It could also be used in intermediate micro. In either case, the education market provides an excellent example of both positive externalities and asymmetric information. The activity will take 50-75 minutes. It starts with a readiness-assessment quiz, which is followed by two policy application exercises. The quiz is on background material including market analysis of higher education with a focus on positive externalities and the signaling aspect of college degrees to address asymmetric information in labor markets.

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