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• Describe the impact of various forms of competition on business operations with emphasis on perfect competition.

1. Apply one (1) of the following economic concepts (supply, demand, market structures, elasticity, costs of production, GDP, Unemployment, inflation, aggregate demand, and aggregate supply) to the key points that you highlighted in Question 1. ECO100 • 1. Assignment: The Key Concepts in Economics Due Week 8 and worth 175 points Write a three to four (3-4) page paper in which you: 1. Identify at least four (4) key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-8. 2. Apply one (1) of the following economic concepts (supply, demand, market structures, elasticity, costs of production, GDP, Unemployment, inflation, aggregate demand, and aggregate supply) to the key points that you highlighted in Question 1. 3. Explain how the concept that you identified in Question 2 could affect the U.S. economy. 4. In your concluding paragraph, state whether you agree or disagree with the economic article identified in Question 1. Provide a rationale for the response. 5. Use at least three (3) quality resources in this assignment with one (1) being your article. Your assignment must follow these formatting requirements: • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: • Analyze the dynamics of supply and demand to anticipate market equilibrium. • Analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies. • Describe the impact of various forms of competition on business operations with emphasis on perfect competition. • Use technology and information resources to research issues in principles of economics. 2. Aggregate Demand and Supply” Please respond the following: Image that the mayor has hired you as a consultant to evaluate the increase in aggregate demand in the city where you live. Describe to the mayor one (1) aggregate demand and supply factor that would have the greatest impact on the economy of your city. Provide a rationale for your response. 3. RESPOND TIFFANY Growth is happening right now in Augusta, at Fort Gordon this year alone 1,500 jobs were available but in the next two years we welcome Cyber command. With Cyber command comes more housing construction, more restaurants and more shopping. The major aggregate demand and supply will be the rise in the housing market. House prices are determined by supply and demand, which by 2017 there will be an excess of new home-buyer’s in our city. An increase in the housing market will let home builders know that there is a higher demand for homes which will cause an increase in home production. This will lead to jobs as well as an increase in prices as builders require commodities. With the purchase of new homes consumers may purchase other consumer goods, like ovens, refrigerators and furniture which will boost the economy. www.learneconomicsonline.com FIN100 1. Select one (1) U.S. publicly traded company and review its most recent Annual Report. (You may use one (1) of the three (3) companies you selected for your Stock Journal assignment.) Use the Income Statement and Balance Sheet to determine the changes in: assets, liabilities, and equity total revenue and net income Briefly describe the change from the current and prior years in each of these key areas and determine if the changes would be positive or negative from an investor / stockholder’s view. STOCK JOURNAL You may be following your stock every day, but if you’re not, for Week 8 you must: 1. Record the current price of the stock for each company you selected in Week 3’s Stock Journal. You may use any price during this week (e.g., day one price, the opening, the low, the high, the close, or any price you find when you check it during the day). 2. Determine the current value of your total investment. Do not make any changes to your investment at this time. Calculate your total based on the number of shares and the new price per share, for each company. 3. Provide your opinion / assessment of your investments. Evaluate the results of your current investment. Are you happy with the result and the trend? Are you upset because you’re investment is worth less than $25,000. Feel free to speculate / guess at why you believe the stock increased, decreased, or remained static. Your next journal assignment will be to report the final value of your shares