Reference no: EM13151252

1.Identify a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-4.
2.In the first two (2) paragraphs, identify at least four (4) key points that the article highlights.
3.In the next three to five (3-5) paragraphs, apply two (2) of the following economic concepts (supply and demand, market structures, elasticity, and costs of production) to the key points that you highlighted in Question 2.
4.In your concluding paragraph, state whether you agree or disagree with the author's comments. Provide a rationale for the response.
5.Use at least three (3) quality resources in this assignment with one (1) being your article.

The specific course learning outcomes associated with this assignment are:

•Apply the underlying principles of economics and the economic way of thinking to assess market issues and make business decisions.

• 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.
• Write clearly and concisely about principles of economics using proper writing mechanics.