Concepts of demand and supply and market equilibrium


Assignment:

Microeconomics

Guidelines:

• Student's need to find a recent economic news article that relates to the listed topic. The article should not be older than 60 days.

• The article must be microeconomic, for example the article about a company or a product. Remember it is not macroeconomics.

• Student's need to read, summarize, relate, and react to the news article.

• At least 4 pages

Economic Concept List: many concepts can apply to the article

• Demand and Supply and Market Equilibrium

• Elasticity

• Utility Maximization

• Marginal Analysis

• Opportunity cost

• Short run cost

• Long run cost

• Labor Market

• The Capital Market

• Public goods and Externalities

• Perfect competition

• Pure monopoly

• Monopolistic competition

• Oligopoly

• International Trade

• Economic Growth

Sources: This is just a partial list of some sources I would encourage you to look at:

Newspapers: Wall Street Journal, Milwaukee Journal Sentinel (Business Section or Main Section), The Washington Post, The New York Times, The Chicago Tribune, USA Today (Money Section or Main Section). The Boston Globe, The Arizona Republic, and The London Times.

Magazines: The Economist, Time, Newsweek, U.S. News and World Report, Money, Forbes, Baron's, Inc., Business Week, Fortune, The New Republic, The National Review.

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Macroeconomics: Concepts of demand and supply and market equilibrium
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