Revision lesson that uses the economics behind Vinted to touch on topics such as:

Income elasticity of demand (YED)
Price and non-price compeititon
Monopolistic competition
Variable rewards
Network effects
Consumer surplus
Sunk costs
Loss aversion
Externalities

Lesson challenges students to understand Vinted from an economist’s perspective and apply microeconomic topics to the platform.

Also includes an optional revision quiz on YED.

See also:

A similar lesson that helps students answer the question ‘why do footballers cost so much?’ /teaching-resource/resource-13404452

A similar lesson where I have used the concept of ghosting to help students revise topics such as information asymmetry, present bias and game theory here: /teaching-resource/resource-13395566

A similar lesson where I have taken a ‘deep dive’ into the economics of public toilets to help students revise topics such as under-provision of public goods, moral hazard and tragedy of the commons here: /teaching-resource/resource-13401270