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Economics
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18 May 2018

- Find a newsworthy event – can be real or make-believe

- Write a 200-400 word press release about the event

- Include quotes & proper AP Style

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Patrina Schowalter
Patrina SchowalterLv2
18 May 2018

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Related questions

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.

Real GDP (Y) can be decomposed into the sum of spending by consumers (C), firms (I), the government (G) and net exports (X-M). Y = C + I + G + NX. A common approach taken in exploring real GDP developments is to explore how each of these four spending components identified will develop in the near future. For example, if consumer confidence (an example of a forward looking indicator) is increasing, this is usually taken as a signal that C will be increasing at a 'healthy' growth rate in the near future. If consumer confidence is decreasing, then C is expected to be flat. Since the spending components feed into real GDP (go back to the circular flow diagram), the development of C gives some indication about near future developments in real GDP or economic growth. Thus, one can explore expected changes in C, I, G, and NX to get a handle on the expected real GDP growth for the next quarter or year. Your assignment is to develop a report that describes expectations for US RGDP in the short term (6 months to 1 year) and medium term (2 to 3 years). This type of macroeconomic outlook report is important and of interest to every type of business enterprise as it is the basic indicator of future output and input market conditions. Your report should be addressed to someone who has only a basic understanding of economics; thus, you should as part of your report, explain the definition of each of the spending components (an any other technical terms you use). You may use charts and graphs as appropriate. The finished report should be 3 to 5 pages, and include a Executive Summary of no more than 200 words. While you are free to use whatever references you want (please make sure that your report appropriately documents any resources)

JUST NEED SOME GUIDENCE OR OUTLINE

Scholarly journal articles are
A. Written by journalists
B. Reviewed by experts in the field for validity
C. Intended for the general public
D. All of the above

Which statement most accurately describes authors of scholarly sources?
A. Freelance journalists
B. University professors
C. Experts or scholars in a particular field
D. Both B & C

How can you tell you are looking at a popular magazine?
A. Articles contain a bibliography
B. Articles are about current events and written for a general audience
C. Articles often contain research studies and case reports
D. Articles are written by experts in the field

Popular magazines are most useful when
A. You need peer-reviewed articles
B. You need general interest information on a topic
C. You need detailed research on a topic

Which is the best source for current (less than a week old) information on the civil war in Syria?
A. A book about U.S. policy in Syria
B. An article in the National Review magazine
C. A newspaper like the New York Times

If asked to write a paper based on recent scholarly information, what would be the most appropriate source?
A. Journals
B. Newspapers
C. Books
D. Magazines

Which statement correctly describes books?
A. They are published periodically
B. They are neither popular or nor scholarly in nature
C. They exist only in the form of encyclopedias
D. They provide detailed and comprehensive coverage of a topic

Which source usually provides a bibliography or works cited list?
A. Popular magazine article
B. Journal article
C. Newspaper article

A popular article contains the following elements
A. Many pictures and advertising
B. Editorials or opinions
C. A works cited list
D. Both A & B
E. Both B & C

Which item below is characteristic of a journal?
A. A lack of pictures
B. Language written for the general reader
C. A lack of evidence of research
D. Articles written by journalists or freelance writers

Which item below is the most credible, authoritative source?
A. Newsweek
B. Wikipedia
C. New York Times
D. The Historian

What is a periodical?
A. Journal, magazine or newspaper
B. List of citations found at the end of an article
C. Encyclopedia, book, government document
D. A peer-reviewed full-text article

True or False: Everything in a journal is considered scholarly.
A. true
B. false

The easiest way to determine if your source is scholarly is to
A. Look for evidence of research in a works cited list
B. Look for the word "journal" in the periodical title
C. Look for the names on the editorial board

Which of the following characteristics is true about scholarly books?
A. Published by a university press
B. Written for a general audience
C. Describe today's news
D. Contain advertisements

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