Introductory Macroeconomics Concepts

These case studies require students to visit several Websites and to use economic concepts to reflect on what they find. Several case studies involve simple calculations.

Case 1

Focus: Using the principle of opportunity cost to think like an economist.

Examples: Selecting a major and the coice of a career.

Case 2

Focus: Supply and demand, price ceilings and price floors.

Examples: The market for gasoline and the minimum wage.

Case 3

Focus: Real versus nominal values.

Examples: Gross domestic product, gas prices, and a comparsion of living costs in different US cities.

Case 4

Focus: Long run economic growth.

Examples: A cross section of countries.