Economics is Around Us
Assignment Description
Times New Roman, 12pt, double space 1-inch margins, APA format. There must be a separate page with reference/s, 1 pages total of written work which includes an opening and closing paragraph. Please insert in-text citations appropriately. American literature. You are to create a paper based on the followingEconomics is around us. Let’s start noticing it. Your task is to look for applications of economic concepts learned in this course to real-life situations and events. Here you can share a news story related to incentives, costs and benefits, supply and demand, a specific market, competition, monopolies, profits and costs, wages, and returns to education. Micro topics also include analysis of any choices made by individuals regarding spending money and time, and choices made by businesses. Explain in your comment how your news item or your personal observation relates to our course, what economic concept it illustrates, and why it attracted your attention. You can also come up with your own examples and personal stories to illustrate an economic concept. Or you can suggest an interesting, insightful question based on your readings or study videos, and try to answer your own question.