Basic economic principles and theory
The purpose of this project is to assist your knowledge building and provides one of the assessment tools for this class. This research will focus in whole or in part on the following course outcomes;
1. Basic economic principles and theory
2. Explore and interpret how supply and demand affect the economy by means of market forces, elasticity, and government policies
3. Examine how public policy as well as private sector initiatives impact the economy
4. Analyze macroeconomic theory and apply basic principles to data
5. Explain why production and growth, the financial system, and unemployment are key factors in the economy
The research paper will be selected from two subject options from the textbook. Each subject will be presented as a question that will be answered throughout the paper. Each chosen topic must be approved by the Instructor to avoid duplicates.
The paper must be at least four typed pages of text, not including cover and reference page using the APA style.
The paper is to be written in the third person.
Provide at least five sources, four from the virtual library or books from the library. Your textbook can be used as a source.
Include at least two scholarly peer reviewed journals as sources.
Include graphs, or other displays in your paper to identify and apply to the subject, but you will still need at least four pages of text. Sources for chart, pictures, or displays must be properly cited.
Economic concepts must be identified and explained.
Based on your research formulate your opinion and discuss, compare and defend your analysis. Remember to “Think Like An Economist”.
Paper format • Cover page • Introduction (Abstract is not required) • Body – Supporting data and sources (divided into sub-topics) • Reflective Narrative (include prior to Conclusion) o How Does This Relate To The Course? o What did you learn as a result of completing this project? • Conclusion – Include your opinion, observations and remarks. o Conclusions should never introduce new data • Reference Page Writing in third person is writing from the third-person point of view, or outsider looking in, and uses pronouns like he, she, it, or they. It differs from the first person, which uses pronouns such as I and me, and from the second person, which uses pronouns such as you and yours. Paper is worth 200 points.
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