Economics is constantly in the news. You are required to research an article or news piece relating to Economics. You are then required to summarize the article and then present your thoughts and solutions. Total paper should be about 1.5 pages. You are to attach the article or link to the article. If it is a video or audio news piece, you are to attach the link.

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Retselisitsoe PokothoaneLv10

28 Sep 2019

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Find a news-type article (not a âdefinitionalâ type article) that contains timely information about one of these topics (GDP, recession, inflation, leading economic indicators, federal budget deficit and debt, etc.). The article must be dated within the last six months. Using your own words, summarize the article in your essay. What terms did you find that link the information to our text? Identify and define at least one term that indicated to you this article is relevant to the material from the chapter. Why is this article important? How/why is it important to you or to the macro economy? Be certain to include the link to your information.

Think of a relevant example in your own life of how a change in the market (including information, preferences, technology, price of alternative goods, regulations, taxes, etc.) has shifted either the supply or demand of a good. How did this change affect the market equilibrium for that good or service? Explain.

Next, find a relatively recent news article (within the past year) to support your finding (the news search feature in Google is helpful with this). If you cannot find an article specific to your example, you may find an article about another similar good or service. Summarize the article and its findings, then include the URL in your discussion post.

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IN THE NEWS: Agricultural markets are often cited as exhibiting the characteristics of the perfect competition market structure. Does farming fit this model?

Use the key word ECONOMIC NEWS in an Internet search engine (Google, Bing etc.) to locate online news sources such as CNN News, the NYTimes, Chicago Tribune, Fox News, Forbes, US News and World Report, or any of the various other nationally recognized news providers.

NOTE: Make sure the story you select reflects the material covered in the chapter. This is best accomplished by using the ADVANCED SEARCH option and also choosing appropriate categories such as "Business" or "Economics" when the option exists. Also choose sort by "RELEVANCE" to further refine the search process.

Select a news provider and use its search feature to locate a news story on one of the following suggested concepts, or on a topic of interest to you that is appropriate to this chapter.

Possible search terms:

Maximizing profits

Industry supply

American farmers

Market failure

Commodities

Perfect Competition

Write a 3 to 5 paragraph summary of the information. Do not copy and paste directly from the article except for small quotes that help explain your summary.

Use quotations marks for anything that is directly from the article. Include the exact URL that can be clicked to directly retrieve the article at the end of your paper for citation purposes.

ochrehare928

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