Identify at least four key points of a relevant economic article from either the Strayer Library or a newspaper, assignment help

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timer Asked: May 26th, 2016
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Question Description

Write a three to four (3-4) page paper in which you:

  1. Identify at least four (4) key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-8.
  2. Apply one (1) of the following economic concepts (supply, demand, market structures, elasticity, costs of production, GDP, Unemployment, inflation, aggregate demand, and aggregate supply) to the key points that you highlighted in Question 1.
  3. Explain how the concept that you identified in Question 2 could affect the U.S. economy.
  4. In your concluding paragraph, state whether you agree or disagree with the economic article identified in Question 1. 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 typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations 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. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • 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.\

Tutor Answer

agneta
School: Boston College

Running head: KEY ECONOMIC CONCEPTS

Key Economic Concepts
Institution Affiliation
Date

1

KEY ECONOMIC CONCEPTS

2

Introduction
According to O'Connor, and Faille (2000), the economic situation of a country
determines the standards of living for the citizens of that country. It also affects the economic
conditions of other countries especially those nations which they trade with. This is evidenced by
a journal written by the American Economic Association in their website that analysis economics
and its related concepts (www.aeaweb.org). According to this journal, economics is explained as
the study of scarce resource which involves a thorough analysis of how people allocate their
resources as well as how they make important decisions in allocating the resources. Economics
revolves such topics as finance, securities as well as money and banking. This may be
misconceived to mean that economics involves around money yet economics goes beyond this to
explain trends in business activities and process of decision making in resource allocation.
Important Points Highlighted in the Journal
The journal discusses four important points that involves economics. First, it explains that
people’s behaviors are defined by the thing they aspire to achieve, that is the...

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Anonymous
Thanks, good work

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