The Key Concepts in Economics

Identify at least four (4) key points of a relevant economic article from either a Library or a newspaper.

Apply one (1) of the following economic concepts (supply, demand, market structures, elasticity, costs of production, GDP, Unemployment, inflation, aggregate demand, and aggregate supply)

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.

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.