Differences between macroeconomics and microeconomics

Assignment Help Microeconomics
Reference no: EM13705805

Part 1:

Part 1 of the project is to find two articles about a microeconomics problem currently in the news from either a newspaper or news (including business) magazine. You will submit a short analytical paper that compares/contrasts the problems or issues and demonstrates your mastery of the course material by your explanation of the problem or issue.

Part 2:

For Part 2 of the project you will submit another set of articles covering macroeconomic and a short analytical paper.

Your short analytical paper needs to include the following:

- An explanation of the problem or issue.
- Possible causes of the problem or issue from a supply and demand perspective (labor supply and demand, aggregate supply and demand, product and service supply and demand).

- The significance of the problem or issue (i.e., does it lead to economic fluctuations? If so, how?).
- The costs and/or benefits of the problem to society.
- Explanation of possible solutions to the problem or issue.
- The expected short-term and long-term implication toward possible solutions to US and international economic institutions.
- How the two problems are related (if they are).

Part 3:

Your final research paper should be a between 5-6 pages. It should have an introduction (containing a thesis) and a conclusion. You must correctly cite your sources using APA format.

Write about the problem or issue as if you are explaining it to someone who has never taken an economics class. Be sure to explain the key concepts and terminology of both microeconomics and macroeconomics within your paper.

Be sure and include graphs to illustrate key ideas if relevant.

- Recognize and utilize the vocabulary, terms and theories essential to the discipline of Economics.
- Describe the differences between macroeconomics and microeconomics.
- Explain supply and demand.
- Explain factors that impact economic fluctuations.
- List the major U.S. and International economic institutions and their roles in the economy.
- Evaluate how knowledge, skills, and attitudes learned in this course apply to their chosen careers

Verified Expert

Reference no: EM13705805

Explain qualification of dependency as it relate to claiming

Explain qualification of dependency as it relates to claiming dependent exemptions from taxable income. Please be sure to post your initial posts and to reply to at least t

What is the demand elasticity of your product likely to be

Does it provide enough information to allow the reader to understand the business and the market? Does it respond to at least some of the suggested headings listed in the inst

Determine the profit-maximizing price and quantity

ECON 705 Assignment. Determine equations for P=f(Q), MR=f(Q), ATC=f(Q, Q2), AVC=f(Q, Q2), MC=f(Q, Q2). Recall that your marginal equations should be derivatives of your totals

What will be the market equilibrium price

How many units of labor will this firm choose to hire if the firm maximizes profits? How many firms will there be in the output market - What will be the market equilibrium p

What is the most likely sign for b2

A problem of interest to health officials (and others) is to determine the effects of smok- ing during pregnancy on infant health. One measure of infant health is birth weig

Effect on equilibrium of a good or service

Effect on Equilibrium of a Good or Service and Effect on Economic Indicators - The one event that you'll pick must affect the equilibrium of a good or service within Canada i

Determine the role and responsibilities of each project

Define the project including the vision, objectives, and scope of the project and determine the customers who will use the deliverables produced from the project - Determine t

Determine next year percentage and cost depletion amounts

A new study to appraise mine re- serves indicates that no more than 800,000 tons of salable coal remains. Determine next year's percentage and cost depletion amounts, if est

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd