How the economy works and why the idea of limited resources is such a major concern in today's economy. As a result, she has asked you to prepare a PPT presentation on the topics. This presentation will be used in a training session for your peers.
Specifically, your supervisor has asked you to do the following:
Create a 3-6 page report, that includes an explanation and/or examples of:
A circular flow diagram that includes the government sector. For this part of your paper, you should include a description of the roles that each participant plays in the economy and how the different sectors interact in the markets.
An illustration of the Production Possibilities model, including a summary of what the model is illustrating and the economic implications for the economy.
An explanation of why or why not trade with other countries is beneficial to an economy and how international trade fits into the circular flow diagram.
An explanation of the difference between micro and macro economics, indicating why the division is necessary.
Deliverables:
Submit your paper in MS Word format, to the W1: Assignment 2 Dropbox by Saturday, October 18, 2014.
Create a Microsoft PowerPoint presentation of 8-12 slides that summarizes your findings in your report. Post your presentation in the Assignment 2 Discussion Area by Saturday, October 18, 2014.
Comment on at least two other presentations submitted by your peers, identifying the strengths and weaknesses of each.