Reference no: EM132624208 , Length: 700 Words
ECO 100 Principles of Economics - Strayer University
Economic Brief
This assignment is aligned to course outcome 2 and its enabling learning objectives:
Describe the different types of economic systems and the role of government in economics
a. Identify economic principles and their applications by interpreting diagrams and graphs
b. Describe how trade impacts a specific industry
c. Describe how government decisions can impact market outcomes
d. Recognize industry related strategies to enhance economic efficiency
Similar to your first assignment, this assignment also requires you to develop an economic brief. Remember, an economic brief provides a snapshot, or short summary, related to an economic concept, which is generally just a few pages long and may include additional visuals like a graph, chart, or table.
For this assignment, you will write a 2-page economic brief that applies to a specific industry and relates to the concepts covered up to this point in the course. This assignment will build off the previous Economic Brief #1, so you will use the same industry you selected to complete the following assignment.
Preparation
1. To begin this assignment, recall the industry you selected for Assignment 1.
2. To best prepare for this assignment, it will be important to review the industry background resources, The Little Book of Economics and OpenStax chapter readings as well as your prior discussion board questions and responses.
Instructions
With your selected industry from Assignment 1 in mind, develop an economic brief in which you address the following items:
1. How does trade impact the goods and/or services that this industry provides?
2. What economic principles covered in Weeks 4-6 (e.g., trade, globalization, government spending, fiscal policy, and debt, etc.) would impact strategic decisions for this industry? (Review the weekly outline in your course guide for all principles covered in Weeks 4-6.)
3. Include an existing graph, chart, or table that relates to your summary.
4. How do government strategies impact this industry?
Attachment:- Principles of Economics.rar