Linda Wilson

Documented Problem Solving: The Impact of a Minimum Wage part of Pedagogy in Action:Library:Documented Problem Solving:Examples
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: Gross Domestic Product Versus Gross National Product part of Pedagogy in Action:Library:Documented Problem Solving:Examples
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: The Long Run Competitive Market part of Pedagogy in Action:Library:Documented Problem Solving:Examples
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: Calculating Gross Domestic Product part of Pedagogy in Action:Library:Documented Problem Solving:Examples
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: Identifying a Change in Demand and Its Impact part of Starting Point: Teaching and Learning Economics:Teaching Methods:Documented Problem Solving:Examples
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 part of Starting Point: Teaching and Learning Economics:Teaching Methods:Documented Problem Solving:Examples
The concept of comparative advantage is used to make a decision about specialization and trade. The microeconomic impact is also included.

Documented Problem Solving: Calculating Bank Reserves part of Pedagogy in Action:Library:Documented Problem Solving:Examples
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 ...

Documented Problem Solving: Determining the Tax Structure part of Pedagogy in Action:Library:Documented Problem Solving:Examples
Determining a Tax Structure - The different tax structures are reinforced through the calculation of the tax rate at two different income levels.

Documented Problem Solving: Price Elasticity of Demand part of Pedagogy in Action:Library:Documented Problem Solving:Examples
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.