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Economic Analysis

ECO 101 WEEK 1 DISCUSSION Discussion 1 “Economic Analysis” Please respond to the following: 1) Identify one type of economic analysis with which you are familiar and make a recommendation for how it might be improved for better decision making. 2) Discuss how economics impacts your work life and personal life. Discussion 2 “Tools and systems” Please respond to the following: 1) Use the Internet to find and research a distinct example of a comparative advantage, discuss how the comparative advantage you researched is affected by specialization. Provide specific examples to support your response. 2) Discuss the different economic systems and the decision-making rules that define them.

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