2.6: Problem Sets

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The problem sets in this course are openly licensed, and are available as-is, or can be modified to suit your students’ needs. In these problem sets, students are given an opportunity to apply the quantitative-reasoning skills they learned throughout the module.

Answer keys are available to faculty who adopt Waymaker, OHM, or Candela courses with paid support from Lumen Learning. This approach helps us protect the academic integrity of these materials by ensuring they are shared only with authorized and institution-affiliated faculty and staff.

This course contains problem sets that accompany each module. In these problem sets, students are given an opportunity to apply the quantitative-reasoning skills they learned throughout the module.

The problem sets are derivatives from the practice questions that are scattered throughout the course for practice–sometimes housed within a content page or sometimes found on a separate page titled “Learn By Doing.” If students complete the practice questions, which allow unlimited attempts with various numbers, they may have already encountered the majority of the questions in the problem sets.

These will come automatically loaded into your assignment tool in your LMS, but may be downloaded, adjusted, deleted, or personalized to fit your class needs.

Module	Problem Set
1: Economic Thinking	Assignment: Economic Thinking Problem Set
2: Choice in a World of Scarcity	Assignment: Choice in a World of Scarcity Problem Set
3: Supply and Demand	Assignment: Supply and Demand Problem Set
4: Applications of Supply and Demand	Assignment: Applications of Supply and Demand Problem Set
5: Elasticity	Assignment: Elasticity Problem Set
6: Utility	Assignment: Utility Problem Set
7: Production and Costs	Assignment: Production and Costs Problem Set
8: Perfect Competition	Assignment: Perfect Competition Problem Set
9: Monopoly	Assignment: Monopoly Problem Set
10: Monopolistic Competition and Oligopoly	Assignment: Monopolistic Competition and Oligopoly Problem Set
11: Public Goods and Externalities	Assignment: Public Goods and Externalities Problem Set
12: Labor Markets	Assignment: Labor Markets Problem Set
13: Income Distribution	Assignment: Income Distribution Problem Set
14: Globalization and Trade	Assignment: Globalization and Trade Problem Set
15: Exchange Rates and International Finance	Assignment: Exchange Rates and International Finance Problem Set

Problem Sets. Provided by: Lumen Learning. License: CC BY: Attribution
Puzzle Pieces. Authored by: LAFS. Provided by: Noun Project. Located at: https://thenounproject.com/term/puzzle-pieces/963732/. License: CC BY: Attribution

1: Economic Thinking

2: Choice in a World of Scarcity

3: Supply and Demand

4: Applications of Supply and Demand

5: Elasticity

6: Utility

7: Production and Costs

8: Perfect Competition

9: Monopoly

10: Monopolistic Competition and Oligopoly

11: Public Goods and Externalities

12: Labor Markets

13: Income Distribution

14: Globalization and Trade

15: Exchange Rates and International Finance