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.
Subject: Economics
Results 1 - 10 of 13 matches
Documented Problem Solving: Identifying a Change in Demand and Its Impact
Linda Wilson, The 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.
Documented Problem Solving: International Trade and Comparative Advantage
Linda Wilson, The 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.
Documented Problem Solving: Adjustment of Output and Inflation to a Demand Shock
Todd Easton, University of Portland
In this macroeconomics problem, students check to see whether they understand the role nominal aggregate demand and inflation expectations play in determining the economy's output level and inflation rate.
Documented Problem Solving: Calculating Equilibrium Output
Amber Casolari, Riverside City College
This document is a Docoumented Problem Solving exercise that utilizes the Keynesian model of the macroeconomy.
Documented Problem Solving: Foreign Exchange Rates - Supply and Demand
Todd Easton, University of Portland
In this assignment, students think about four events that would affect a country's exchange rate. Without actually drawing a supply and demand diagram, students say what direction, if at all, each curve would shift--and whether the currency would appreciate or depreciate as a result.
Documented Problem Solving: Gross Domestic Product Versus Gross National Product
Linda Wilson, The 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 ...
Documented Problem Solving: Calculating Gross Domestic Product
Linda Wilson, The 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 ...
Documented Problem Solving: The Impact of a Minimum Wage
Linda Wilson, The 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 ...
Documented Problem Solving: The Long Run Competitive Market
Linda Wilson, The 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 ...
Documented Problem Solving: Price Elasticity of Demand
Linda Wilson, The 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.
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Identifying a Change in Demand and Its Impact - The determinants of demand are explored along with the impact to the demand curve and the resulting change to the equilibrium price level.
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International Trade and Comparative Advantage - The concept of comparative advantage is used to make a decision about specialization and trade. The microeconomic impact is also included.
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Calculating Equilibrium Output - The difference between potential GDP and equilibrium GDP is explored.
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Adjustment of Output and Inflation to a Demand Shock - The role of nominal aggregate demand and inflation expectations in determining the level of output and the inflation rate are examined.
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Foreign Exchange Rates - Supply and Demand - Four events that may effect a country's exchange rate are given. Students determine if the currency would appreciate or depreciate as a result.
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Price Elasticity of Demand - The price elasticity of demand is used to determine the impact of a price decrease on total revenue.
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The Long Run Competitive Market - Given a competitive market structure, economic profits are explored along with the market adjustments and the long-run equilibrium.
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Calculating the Unemployment Rate - Knowledge about the labor force, the unemployed and the employed are used to determine the unemployment rate.
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Calculating Bank Reserves - Knowledge of the banking system is used to determine total reserves, required reserves and excess reserves, and how they are related to each other.
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Determining the Tax Structure - Income tax rates are calculated in order to determine the tax structure.
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Gross Domestic Product Versus Gross National Product -The difference between GDP and GNP is emphasized by separating production into two groups.
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Calculating Gross Domestic Product - The calculation of GDP is used to emphasize the components that are included and those that are not.
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The Impact of a Minimum Wage - A minimum wage is examined in terms of its impact on the quantity of labor supplied and the quantity of labor demanded.