Assignment: Economic Principles- Microeconomics
Instructions
Review your chapter readings and use the resources provided to develop a 2 to 3 pages paper on Economic Principles - Microeconomics in which you:
I. Choose an industry that interests you. (Remember, an industry is not a company. An industry is a group of companies doing the same thing. Ford is a company. Automobile manufacturing is an industry.)
II. Do research on your industry. In a few short paragraphs, describe your selected industry:
1. Be sure to write in your own words.
2. Identify some of the major companies in this industry.
3. Identify the goods, and/or services this industry produces.
4. Add anything else about the industry that you think is interesting.
5. Keep track of your sources by copying their Internet addresses (URLs). You can paste these URLs at the end of your paper as your references.
III. Describe a microeconomic variable for your industry. Microeconomic variables include prices, sales, production, advertising, investment, and so on.
IV. Include a graph, chart, or table showing this microeconomic variable over time.
1. You do not need to create this graph, chart, or table. Find one that has already been created and paste it into your paper. For example, if your industry is U.S. automobile manufacturing, Google, "U.S. automobile manufacturing over time." Select the "images" option. Choose one of the graphs, charts, or tables. Then copy and paste it into your paper.
2. Include a reference to the source of the graph, chart, or table. Microeconomic relationships and market outcomes are covered.
V. Describe one way the government might impact this industry. Examples might include price controls, regulations, taxes, or any other way you can think of.
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.