Topics: Scarcity, Opportunity Cost, Wants, Entrepreneurship, Markets, Law of Demand, Law of Supply, Market Failure, The Informal Economy, Unemployment Rate, Structural Unemployment, Human Capital, Inflation Rate, Gross Domestic Product, Consumption, Economic Growth, Supply Side Fiscal Policy, Taxation, Public Debt, Fiat Money, Cryptocurrencies, Liquidity, Trade-off between Risk and Return, Monetary Policy, and Saving.

General Instructions:

Choose one concept from the list above

"Before completing all 5 Graded DiscussionsI thought about (one of the concepts from the list) in this way ..., now I think ... ".

You are free to organize and arrange your sentences and paragraphs in any way you see fit, but your response MUST at least have the following 5 elements:

It must state and define the concept or idea.

It must explain how you viewed or understood the concept before completing the discussions.

It must explain your new way of viewing, or understanding the concept.

It must say the reason why your perspective, or understanding changed. In other words, what did you do, see, or hear as a result of completing the discussions that helped transform your opinion.

It must have information, data or facts, that supports the reason for your change. The information, data or facts can be presented in the form of an example, or as part of an explanation, but it must be explicitly connected to at least one of the graded discussions.

As you produce your response, you should also consider the following:

The implications of the change in perspective. In other words, now that you see this in this way, what are some of the things that will come after? What will you do differently? What follows? Also, analogies and metaphors are a great way to illustrate how one views a concept or an idea.

Additional Information

• Question at Issue:Can you identify and explain a change in perspective, opinion, orPoint of View, you have had regarding one of the concepts in list above, as a direct result of participating in the Graded Discussions?
• Purpose:In this assignment, your objective is to identify and explain a change in perspective, opinion, orPoint of View, you have had regarding one of the concepts in list above, as a direct result of participating in the Graded Discussions.
• Point of View:You are trying to answer theQuestion at Issue, from the perspective of person who participated inthe Graded Discussions, which means, that you were asked to;
  • Read and consume visual content about economics,
  • Answer questions about concepts and issues about economics
  • Engage in discussions about the content with your classmates and of course with me the instructor.
• In other words, you experienced this class, from the perspective of a student, which may imply that you are not an expert in these topics, and concepts, and that are engaging in activities to learn more about them.

Note, that in order to answer theQuestion at Issue, and accomplish thePurposeof this assignment, you need to produce or compose:

• Conclusions- When you change your perspective or opinion about something, you have reached a conclusion. When you think back at an entire experience that involved, reading, writing, viewing, listening, and answering questions about a multitude of concepts in the world of economics, and you pick one that you have change your mind on, you have reached a conclusion.
• Information- What evidence (what did you do, see or hear), or facts did you use to reach the conclusion that there is another way of looking at or understanding the concept in question? What allowed you to see this concept in another way? That the concept in question, is this other thing, that you did not think about before. That the concept in question can be used for this other thing, that you did not know it could be useful for.
• Assumptions- which things did you take for granted, or a as given, beforeparticipating in the Graded Discussions regarding the concept in question? What are your assumptions now?
• Implications- Now that you see this concept in a different way, what are some of the things that follow? What will you do different? How will this new perspective change your approach to things? What happens next?