ECN 2110 Week 6 Assignment 1 | Baker College
- Baker College / ECN 2110
- 17 Apr 2021
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- Accounting & Economics Assignment Help / Microeconomics
ECN 2110 Week 6 Assignment 1 | Baker College
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 of the current event is Factor Markets: Derived Demand
for Labor, Marginal Cost for Labor (Ch. 14).
For complete assignment details, click on the following document: Current Event Instructions.
To upload your completed work, click on the Submit
Assignment button.
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. |
USA 
India
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