Mateer & Coppock

• Discusseach of the week's learning outcomes under a separate first-level heading. For example, if a week has three learning outcomes, then your submission must include at least three first-level headings.
• Discuss how at least one of the Learning Outcomes can be applied to a SPECIFIC real-world situation. Please note: A real-world example refers to an actual person, workplace,event, etc.
• Include one properly cited reference (quote or paraphrase) from our course text or a peer-reviewed source. Be sure you include in-text citations with your quote or paraphrase.
• UNIT OUTCOMES

1. Define economics,macroeconomics, and microeconomics.
2. Distinguish macroeconomic events from microeconomic events.
3. Apply the concept of opportunity costs toa real-world business decision.