Praxis Economics case studies
Praxis Economics · Put your knowledge to work in context.
Praxis Economics (test code 5911) is a Praxis Subject Assessment delivered by ETS, the same organisation whose site describes Praxis as the route to "Assess core teaching skills and subject knowledge for educator licensing in the U.S." Candidates typically take it to satisfy a state licensure requirement to teach economics at the secondary level, or to add an economics endorsement to an existing certificate. Because each state sets its own requirements, the first step is confirming with your state agency or educator preparation program that 5911 is the test your license actually requires before you register. The Praxis Economics case studies are 5 cases and about 2,741 words.
1Adding an Evening Welding Section at a Community College
A community college's continuing-education division is considering adding a second evening section of its welding certificate. The section would enroll up to 18 students at 2,800 tuition each.
550 words, about 3 min2Cinema Pricing with Elastic Demand and Unused Capacity
A single-screen cinema in a college town seats 220. Its current uniform ticket price is 11.
539 words, about 3 min3Policy Mix When GDP Is Above Potential
An economy has real GDP 2.0% above its estimated potential, unemployment at 3.9%, and CPI inflation at 5.4% (core inflation 4.8%). The central bank has a 2% inflation target and a dual mandate.
561 words, about 3 min4Depreciation, the J-Curve, and a Steel Tariff
A country's currency depreciates 18% against major trading partners. In the first two quarters, export volumes rise 3% and import volumes fall 2%, while import prices rise 20% and export prices rise 5%.
552 words, about 3 min5Managing a Bauxite Discovery in a Low-Income Country
A low-income country with GDP of 30 billion and a population of 20 million has discovered a bauxite deposit. Projected government revenue is 1.2 billion per year for 20 years, about 4% of GDP.
539 words, about 3 min