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: 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: 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: Calculating Bank Reserves
Linda Wilson, The 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 ...

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.

Documented Problem Solving: Determining the Tax Structure
Linda Wilson, The 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.

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: 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: 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: 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 ...