Principles of Economics Due Week 4 and worth 150 points
Write a two to three (2 -3) page paper in which you:
1.
Identify a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in
Weeks 1-4.
2. In the first two (2) paragraphs, identify at least four(4)key points that the article
highlights.
3. In the next three to five (3-5)paragraphs, apply two(2) of the following
economic concepts (supply an d demand, market structures, elasticity,
and costs of production ) to the key points that you highlighted in Question 2.
4. In your concluding paragraph, state whether you agree or disagree with the author’s comments. Provide a rationale for the response.
5. Use at least three(3) quality resources in this assignment with one(1)being your article.
Your assignment must
follow these formatting requirements
:
•
Be type
d
, double
spaced, using Times New Roman font (size 12), with one
–
inch margins on all
sides;
citation
s and
references must follow APA or school
–
specific format. Check with your
professor for any additional instructions.
•
Include a cover page containing the
title
of the assignment, the student’s name, the professor’s
name, the course title, and the date.
Th
e cover page and the reference page are not included in
the required assignment page length.
The specific course learning o
utcomes associated with this assignment are:
•
Apply the underlying principles of economics and the economic way of thinking to assess
market
issues and make business decisions.
•
Analyze the dynamics of supply and demand to anticipate market equilibrium.
•
Analyze the elasticity of demand and supply and
its importance, and the effect of taxes or other
public policies
•
Describe the impact of
various forms of competition on business operations with emphasis on
perfect competition.
•
Use technology and information resources to research issues in principles of economics.
•
Write clearly and concisely about principles of economics using proper writing
mechanics
.
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