Assignment 1:The Key Concept of Economics
Write a three to four (3-4) page paper in which you:
- 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.
- 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.
- Explain how the concept that you identified in Question 2 could affect the U.S. economy.
- In your concluding paragraph, state whether you agree or disagree with the economic article identified in Question 1. Provide a rationale for the response.
- 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.
Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills, using the following rubric found here.
You are expected to do research outside of the class material. You will be expected to have at least three academic quality sources. Wiki’s, “Ask sites” and blogs are not a valid academic source. Any site with “pedia” in the name is unacceptable, unless the words “World Book” or “Britannica” in the site name. Dictionary.com and other site that provide definitions are not acceptable. In fact, the use of definitions should be very limited. It is safe to assume the reader of the paper knows the definition of all economic terms you might use in the paper.
Required paper layout: Your paper will be organized by the 5 number headings above (10-point deduction for failing to use provided headings).
Do you want your assignment written by the best essay experts? Order now, for an amazing discount.