Teaching Economics Using Fantasy Football

Kyle Collins, Adam Hoffer

We present an assignment that uses fantasy football to teach economics and bridge the gap from classroom to external environments. A fantasy football league is an attractive option for instructors because many already play fantasy football; the league is conducted almost exclusively outside of class; and there are very low costs to instructors of implementing the league. Fantasy football can be an effective tool for teaching many economic concepts, including opportunity cost, comparative advantage and gains from trade, markets behavior including supply and demand shocks, consumer surplus, imperfectly competitive markets, game theory, and market interventions.

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