Question Description
Describe the different types of economic systems and the role of government in economics
- Identify economic principles and their applications by interpreting diagrams and graphs
- Describe how trade impacts a specific industry
- Describe how government decisions can impact market outcomes
- Recognize industry related strategies to enhance economic efficiency
Similar to your first assignment, this assignment also requires you to develop an economic brief.
Remember, an economic brief provides a snapshot, or short summary, related to an economic concept,
which is generally just a few pages long and may include additional visuals like a graph, chart, or table.
Instructions
With your selected industry from Assignment 1 in mind, develop an economic brief in which you address
the following items:
1. How does trade impact the goods and/or services that this industry provides?
- What economic principles (e.g., trade, globalization, government spending, fiscal policy, and debt, etc.) would impact strategic decisions for this industry?
- Include an existing graph, chart, or table that relates to your summary.
- How do government strategies impact this industry?
Industry Background Resources
These resources are available to help you:
- Industries at a Glance
- Mergent OnlineHelp Video on Mergent Industry Reports
- Business Source Complete
United States Industry Profiles
All Industry Profiles by Country (select Industry Profiles in left menu Source Types) - Flipster Online Magazines
Scroll through to view these recommendations: Bloomberg Businessweek and Fast Company
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