core economic concepts related to macroeconomics and microeconomics

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This assignment is aligned to course outcome 1 and its enabling learning objectives:

Define core economic concepts related to macroeconomics and microeconomics
Describe the role of goods and services in the economy
Discuss any economic growth factors that impact a specific industry
Use a diagram or graph to illustrate an economic trend
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In the workplace, we are often asked to create “briefs.” A brief provides a snapshot, or short, written

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summary, of a situation or event that has occurred. It is generally just a few pages long and may include

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additional visuals like a graph, chart, or table. In this assignment, write a brief about economic concepts in

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the industry you selected.

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Industry Background Resources

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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 Company1. 2. 3.
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Preparation

To begin this assignment, recall the industry you researched in Week 1. You can use that

industry to complete the following assignment.

Review the example brief to see a good example and use the optional template to help you get

started.

To best prepare for this assignment, it will be important to review the industry background

resources, The Little Book of Economics and OpenStax chapter readings, as well as your prior

discussion board questions and responses.

Instructions

With your selected industry in mind, develop a 2-page economic brief in which you address the following

items:

What goods and/or services does this industry provide?
What economic principles covered in Weeks 1–3 (e.g., scarcity, inflation, unemployment, demand and supply, and production) would impact this industry? (Review the weekly outline in your course guide for all principles covered in Weeks 1–3.)
Include an existing graph, chart, or table that relates to your summary. (optional for Brief 1)
Describe any notable trends that you would highlight about this industry. Your brief should be at least 2-pages in length double-spaced

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