
Elasticity is not only a topic taught in a principles of microeconomics class that confuses 72% of students. Students do understand the basics of what the term elasticity means outside of economics. So why not use that understanding to try and teach the difficult concept?
Students use the word elasticity in their everyday lives. From rubber bands to hair ties to working out with P90X (P90X is not my thing… actually exercise really isn’t my thing, but for what it’s worth my friend Michelle does an excellent job comparing P90X and the Insanity workout on her blog here). This activity is meant to get your students thinking about how the economic use of the word elasticity isn’t that far off from what they already know.
Elasticity – a measure of responsiveness

That’s how I start. No big economics definition. No percentage changes or midpoint methods. Simply: responsiveness. Because let’s be honest, that’s what elasticity is measuring How something responds to something else. How is this rubber band responding to me pulling on it. How is quantity demanded responding to a price change? How is quantity demanded changing to a change in income? Etc.
The more it stretches, the more elastic the rubber band is. Hey students… guess what? The more the quantity demanded responds to the price change the more elastic that good is!!!
So here is the activity. I hope you enjoy and use it in your class. Feel free to add to it and report back so I can make it even better next semester.
Materials Needed by Instructor:
*2 different types of rubber bands. I used size 64 and size 84 from Staples. Both are thick enough for students to write on.
*Fine-Tip Markers (students can also use their own pens for bigger classes)
Materials Needed by Students:
An open mind and willingness to learn
Suggested Class for the Activity:
Whenever you teach elasticity.
The Activity:
At the beginning of class I had students come to the front of the room and grab one skinny rubber band (#64), one fat rubber band (#84), and one fine-tip Sharpie. Remember in a large class you don’t need to give out markers. Students can use their own pens but markers work best on rubber bands.
While teaching elasticity I like to play with the rubber band and encourage students to do the same; making them ‘feel’ what elasticity is. Showing them that different rubber bands have elasticities just like different goods have different elasticities. Also relating big responses to elastic things (both rubber bands and goods) and small responses to inelastic things. This uses their sense of touch to trigger memories of the topic.
After the basic elasticity lecture of
what elasticity is, have your students pair up or get in small groups to discuss what types of goods they think would be classified as elastic goods and inelastic goods. Tell them to write the elastic goods on the more elastic rubber band and write the inelastic goods on the more inelastic band.
Personally I collected the rubber bands so I could take pictures and make this post (a little selfish I know). I think I am going to give the rubber bands back the day before the exam just so they have something that triggers their memory while studying. I think the next time I do this activity in class I will
put two boxes in the front of the room and have them try and shoot elastic rubber bands in one box and the inelastic ones in the other box and give awards (probably pieces of candy) for people who make it in.
Overall the activity went over very well. The activity itself only took up about 15 minutes. I’d say in a larger class it may take up a bit more time. Ideally this activity is for classes of less than 50 but with good TAs and a little help it could work for any size.
Thoughts? Comments? Extensions? I’d love to hear them!
