requiring a 2–3 page paper assignment Economic Principles – Microeconomics in which you:
- ON AUTOMOBILE MANUFACTURING INDUSTRY
- In a few short paragraphs, describe your selected industry:
- Be sure to write in your own words.
- Identify some of the major companies in this industry.
- Identify the goods, and/or services this industry produces.
- Add anything else about the industry that you think is interesting.
- Keep track of your sources by copying their Internet addresses (URLs). You can paste these URLs at the end of your paper as your references.
- Describe a microeconomic variable for your industry. Microeconomic variables include prices, sales, production, advertising, investment, and so on.
- Include a graph, chart, or table showing this microeconomic variable over time.
- You do not need to create this graph, chart, or table. Find one that has already been created and paste it into your paper. For example, if your industry is U.S. automobile manufacturing, Google, “U.S. automobile manufacturing over time.” Select the “images” option. Choose one of the graphs, charts, or tables. Then copy and paste it into your paper.
- Include a reference to the source of the graph, chart, or table. Microeconomic relationships and market outcomes are covered in Weeks 2–4.
- Describe one way the government might impact this industry. Examples might include price controls, regulations, taxes, or any other way you can think of.
- Government intervention through price controls, regulations, taxes, and antitrust enforcement were covered in Weeks 2 and 4.
- DONT FORGET TO INSERT TABLE, GRAPH OR CHART INTO ASSIGNMENT!!!
EXAMPLE
Microeconomic Paper
Title
Industry Goods and Services
(In this section you should select an industry and do research on that industry using Google and any other sources you like. [Remember, Wikipedia is not a valid source for academic work.] See the Assignment for specific instructions. Describe the industry and the goods and/or services this industry produces. Remember that an industry is a group of companies doing the same thing. For example, Ford is a company. Automobile manufacturing is an industry. Also identify some of the major companies in the industry and anything else about the industry that you think is interesting. Please delete these instructions before submitting your paper.)
Describe a Microeconomic Variable for Your Industry
(In this section you should describe a microeconomic variable for your industry. Microeconomic variables for an industry include prices, sales, production, advertising, investment, etc. Include a graph, table, or chart showing values for this microeconomic variable over time. [Find a graph, chart, or table that has already been created and paste it into your paper. You do not need to create one. For example, if your industry is U.S. automobile manufacturing, Google, “U.S. automobile manufacturing over time.” Select the “images” option. Choose one of the graphs, charts, or tables. Then copy and paste it into your paper.] Please delete these instructions before submitting your paper.)
How Government Might Impact the Industry
(Describe one way the government might impact this industry. Examples might include price controls, regulations, taxes, or any other way you can think of. Please delete these instructions before submitting your paper.)
