ECN 2110 Week 3 Assignment | Baker College
- Baker College / ECN 2110
- 17 Apr 2021
- Price: $18
- Accounting & Economics Assignment Help / Macroeconomics
ECN 2110 Week 3 Assignment | Baker College
Current Events
The Current Events must be based on the economic topics discussed within the Module.
Your Current Event should include five (5) terms from the module glossaries. Terms should be used accurately within the text of your paper. To receive full points, terms must be highlighted, used appropriately within the narrative, and not provided in a list of terms simply to get them in the paper.
The Current Event should follow an APA format and include the following headings:
· Introduction
o Introduce the article name and economic topic. (2–4 sentences)
· Summary of Article
o Summarize the article. Include APA in text citations. (2 paragraphs)
· Discussion
o What do you think? Give your opinion about how you believe this topic will affect you or the economy. (2 paragraphs)
· Graphical Analysis (Image and 1 paragraph)
o Must include an approved economic model having the correct labels.
o When applicable, the model must show the change implied by the article summary.
o (Note: trend lines or graphs from the internet will not meet the requirement for this part of the paper)
o Give a clear concise and accurate description of the change that occurs on the model. Discuss the concepts that define the model if a change is not applicable.
· Consequences
o Discuss the consequences that might occur that are in opposition to the authors ideas or to your interpretation. What factors might cause a different outcome? Are there groups of people who might be hurt or helped not indicated in your previous discussion? (1 paragraph)
Recommended length: 1-2 pages.
Each current event MUST cover the correct material and be submitted to the correct link for grading. These act as your ‘tests’ over the material. Each Current Event must include a model discussed in class.
Do NOT use trend lines from articles or the Internet. They will not count toward the model and analysis section.
Internet search tips: The following tips may help you in your search for relevant news events. In addition, see the chart below for more specific tips for finding specific topic news events.
· Go to the home page of reputable news sources. These could include the New York Times, The Economist, The LA Times, USA Today, The Week, The Washington Post, Forbes Magazine, Wall Street Journal, Huffington Post, and BBC News.
· Look at the headlines. Do any of them apply to one of the concepts discussed in class? For instance, a headline about California drought could relate to the supply of wine if the drought is in an area where grapes are grown.
· Seek information about a specific topic. Type in your topic and select “NEWS” below the search bar to narrow your search. For instance: Type in the topic “economic growth”, then select NEWS. You will get the latest headlines about GDP and/or economic growth.
· Suggestions for key search terms are provided in the table below.
| Chapters | Models | Topic and Search Tips |
CE1 | 1, 2, 3 | Current Event 1: Goods and Services: Production Possibilities, Supply and Demand (Ch. 1-3) | Look for articles about what is happening in the market for a specific good or service; like coffee or gas. |
CE2 | 5, 6 | Current Event 2 on Markets and Prices: Price Elasticity of Demand, How Changes in Income and Pricing Affect Consumer Demand (Ch. 5, 6 | Look for articles on the effects of market conditions on pricing or on the effect of changing prices on the quantity demanded of a product or service. |
CE3 | 7 | Current Event 3 on The Production Decision: Production in the Short Run, Production in the Long Run, Comparing Marginal Revenues and Marginal Costs (Ch. 7 | Look for articles on production and output within industries and factors affecting it. For example are shortages or higher input costs affecting the costs of production for a particular product, such as automobiles. |
CE4 | 9, 10 | Current Event 4 on Product Markets: Maximizing Profits for a Monopoly; How a Monopolistic Competitor Choose Price and Quantity, The Kinked Demand Curve (Ch. 9, 10) | Look for articles on the industry conditions and how they are affecting the profitability and pricing decisions of companies within it.. |
CE5 | 14 | Current Event 5 on Factor Markets: Derived Demand for Labor, Marginal Cost for Labor (Ch. 14) | Look for articles inputs to the production process, especially labor, and how market conditions are changing the demand for inputs in specific industries. |
CE6 | 12, 13, 15 | Current Event 6 on Microeconomics and Public Policy: Pollution as a Negative Externality, Positive Externalities, The Lorenz Curve (Ch. 12, 13, 15) | Look for articles on public policies related to externalities, such as pollution, positive externalities, such as national parks, or income inequality. |
Current
Event 2
View
the ECN2110 Research
Guide (Links to an external site.) for videos and other resources that will
assist you with completing this assignment and others for this module.
The focus on this current event is Markets and Prices: Price Elasticity
of Demand, How Changes in Income and Pricing Affect Consumer Demand (Ch. 5,
6)
For complete assignment details, click on the following document: Current Event Instructions.
To upload your completed work, click on the Submit
Assignment button.
Rubric
ECN2110
Current Event Rubric.
|
ECN2110 Current Event Rubric. |
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Criteria |
Ratings |
Pts |
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This
criterion is linked to a Learning OutcomeSummary of Article |
|
2 pts |
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This
criterion is linked to a Learning OutcomeSummary of Article |
|
7 pts |
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This
criterion is linked to a Learning OutcomeSummary of Article |
|
5 pts |
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This
criterion is linked to a Learning OutcomeProblem |
|
7 pts |
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This
criterion is linked to a Learning OutcomeProblem |
|
4 pts |
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This
criterion is linked to a Learning OutcomeSolution |
|
4 pts |
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This
criterion is linked to a Learning OutcomeSolution |
|
5 pts |
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This
criterion is linked to a Learning OutcomeUnintended Consequences and
Conclusion |
|
5 pts |
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This
criterion is linked to a Learning OutcomeUse of Sources |
|
3 pts |
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This
criterion is linked to a Learning OutcomeUse of Sources |
|
3 pts |
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This
criterion is linked to a Learning OutcomeGrammar, Spelling, Word Choice |
|
5 pts |
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Total
Points: 50 |
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USA 
India
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