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Examples

The following examples are derived from actual documented problem solving activities that have been tested and used with students. These examples should be informative to those who would like to begin using this technique.


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Documented Problem Solving: Calculating Bank Reserves
Linda Wilson, University of Texas at Arlington
The lecture focused on the banking system and included a discussion about total reserves, required reserves and excess reserves. Students practiced calculating each category in pairs and then compared their ...

Subject: Economics

Documented Problem Solving: The Long Run Competitive Market
Linda Wilson, University of Texas at Arlington
During the lecture, the competitive market was introduced. A graph was used to demonstrate a competitive market in which there was an economic profit. The profit motive causes an increase in supply. As additional ...

Subject: Economics

Documented Problem Solving: Price Elasticity of Demand
Linda Wilson, University of Texas at Arlington
The concept of price elasticity of demand was introduced in class. Elastic and inelastic goods were discussed. The impact that a change in price will have on total revenue was also presented.

Subject: Economics

Documented Problem Solving: Determining the Tax Structure
Linda Wilson, University of Texas at Arlington
Determining a Tax Structure - The different tax structures are reinforced through the calculation of the tax rate at two different income levels.

Subject: Economics

Documented Problem Solving: Calculating the Unemployment Rate
Linda Wilson, University of Texas at Arlington
Following a lecture about unemployment, students are asked to calculate the unemployment rate. They will need to apply their knowledge about unemployment and the labor force in order to make the calculation.

Subject: Economics

Documented Problem Solving: Identifying a Change in Demand and Its Impact
Linda Wilson, University of Texas at Arlington
Students in an economics course are asked to write a doumented problem solution to explain how a change in a determinant of demand will impact the equilibrium price.

Subject: Economics

Documented Problem Solving: International Trade and Comparative Advantage
Linda Wilson, University of Texas at Arlington
The concept of comparative advantage is used to make a decision about specialization and trade. The microeconomic impact is also included.

Subject: Economics

Documented Problem Solving: Gross Domestic Product Versus Gross National Product
Linda Wilson, University of Texas at Arlington
The topic of gross domestic product (GDP) was introduced in class. The components of GDP - consumption, investment, government spending, and net exports - were discussed. The items that are excluded from GDP and ...

Subject: Economics

Documented Problem Solving: Calculating Gross Domestic Product
Linda Wilson, University of Texas at Arlington
Gross domestic product (GDP) was introduced in class as a way to determine the value of a country's output. Consumption, investment, government spending, and net exports were discussed as the components of ...

Subject: Economics

Documented Problem Solving: The Impact of a Minimum Wage
Linda Wilson, University of Texas at Arlington
During the lecture, labor demand and labor supply were discussed and were used to determine the equilibrium wage rate. Then, the concept of a minimum wage rate was introduced and the impact of the wage rate on the ...

Subject: Economics

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