Assignment: The Key Concepts in Economics
Course: Principles of Economics
Write a three to four page paper in which you:
1. Identify at least four key points of a relevant economic article. Choose an article that deals with any course concepts covered under Principles of Economics.
2. Apply one 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 quality resources in this assignment with one being your article.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required 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.