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: 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: 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: 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: Calculating the Unemployment Rate part of Pedagogy in Action:Library:Documented Problem Solving:Examples
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.

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: 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.