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Economics Lesson Plan: (6) lessons

Lesson NameLesson Description and FeaturesShortcut Commands?Quiz Generator?Practice Problems?
Budget LineSolves for any one of the 5 items in the standard budget line:
Income (I)
Quantity of x = Qx
Quantity of y = Qy
Price of x = Px
Price of y = Py
N/AYESYES
Gross Domestic Product (GDP)Solves for all items of the Gross Domestic Product (GDP) equation:
GDP
Consumption (C)
Investment (I)
Government Spending (G)
Exports (X)
Imports (I).
N/AYESYES
Income and Price ElasticitySolves for any one of the 5 components that make up the income/price elasticity of demand equation.N/AN/AN/A
Net Present Value (NPV)Given a series of cash flows Ct at times t and a discount rate of (i), the calculator will determine the Net Present Value (NPV) at time 0, also known as the discounted cash flow model.N/AYESYES
Profit EquationUsing the Profit Equation with inputs (Revenue-Cost-Profit-Tax), this determines the relevant output including pre and post tax profit margin.N/AYESYES
Trade CostCalculates the saved hours under the electrician/carpenter model of specializing in jobs as well as opportunity cost.N/AN/AN/A

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