Question
You are learning about microeconomic and macroeconomic theories, issues, and applications. In this media assignment, you will have the opportunity to research articles and apply
You are learning about microeconomic and macroeconomic theories, issues, and applications. In this media assignment, you will have the opportunity to research articles and apply your knowledge of the economics as they relate to the articles. The focus of the articles is "change".One article must describe a microeconomic change and the other a macroeconomic change.
Microeconomic Change
Research and describe a microeconomic change in the world. This would be a change for individuals, groups, or a particular firm.
- Identify the individuals, groups, or firms impacted by the change
- Describe how the individual or business decisions would be different if this change occurred in another economic system. For instance, if the change occurred in a market economy, describe how the decisions to address the change would be different in a command or traditional economy.
- Describe how you would deal with this change if it impacted you personally
Macroeconomic Change
Research and describe a macroeconomic change. This would be a change that affects the economy as a whole.
- Draw graphs to illustrate the impacts of the change on unemployment and inflation
Please include Citations
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