Posted: August 21st, 2015

The Key Concepts in Economics.

1.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.
2.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.
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 (3) quality resources in this assignment with one (1) being your article.

�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.

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