Who Wants an iPad? An Exercise in Rationing

David L. Carr; Michael Allgrunn; Kathryn Birkeland

Journal of College Teaching & Learning Vol. 15, No. 1 (2018) pp. 1–4

This active learning exercise demonstrates the fundamental problem in economics that resources are scarce, while wants are relatively infinite. Students are exposed to four mechanisms for rationing scare resources: markets, queue, coupons, and...