Demand and the law of demand
The usual wayThe law is memorised along with a list of exceptions.
How we teach itStudents build a demand schedule from their own choices, for example how many samosas they would buy at different prices, and plot it. Shifts and movements become obvious.
Consumer equilibrium
The usual wayUtility analysis feels abstract and mathematical.
How we teach itWe use pocket money and a shopping list to show why a student stops buying more of something, then connect it to marginal utility.
National income
The usual wayThree methods of calculation are memorised as formulas.
How we teach itWe follow money through a small imaginary economy so students see why production, income and expenditure all arrive at the same total.
Money and banking
The usual wayCredit creation is taught as a formula.
How we teach itStudents play the role of a bank and its customers in class, lending and re-depositing, and watch deposits multiply before they meet the formula.