ECON 202 Moraine Valley Community College Economics Paper
Description
1 attachmentsSlide 1 of 1attachment_1attachment_1.slider-slide > img { width: 100%; display: block; }
.slider-slide > img:focus { margin: auto; }
Unformatted Attachment Preview
ECON 202 Final Paper: Due Saturday May 7, 11:59pm.
Your final paper should be single spaced and approximately between 2-3 pages. You can create headers
for each of the five subtopics below:
1. Product and Market Demand and Supply: Create an imaginary company of your own with a
name. Specify and describe the product(s) or services that the company would be selling.
Identify your main market for the product/services and give a brief explanation of the demand
that customers have for your product/services as well as the other suppliers in this market.
Briefly explain the market structure i.e. how competitive the market for your products is, how
you would try and differentiate your product and market it etc. 30 points
2. Inflation: Describe how inflation will affect your business; you will have to explain the impact of
rising inflation rates on your costs of purchasing supplies etc., as well as the impact of inflation
on the prices of the product/services you sell. 15 points
3. Fiscal Policy: Describe how the pandemic and the recovery would affect your business bottom
line in the past and current year, and how the CARES Act and Recovery Act provisions would
have helped you tackle some of the issues. (For example stimulus checks, unemployment
payments for your employees, PPP loans for your business etc.) 15 points
4. Monetary Policy: As we learned in the last 2 years, during a recession the Federal Reserve
lowers interest rates on Federal Funds i.e. the rate at which banks lend to each other as well as
the Discount rate the rate at which the Fed loans money to banks. This leads to a lowering of all
interest rates. Currently the Fed is increasing rates as they normally do during an economic
expansion and increasing rates of inflation. Explain what higher interest rates at the current
moment affect how your company gets loans from banks. 15 points
5. International Trade: Explain the role international trade plays in your business (do you export
your products/services, do you import some materials that you use in your business, how does
trade policy in the US (tariffs etc.) and trade policy abroad affect your business, how does the
value of the US dollar and changes in it affect your business. 15 points
In addition to the topics and rubric above, there will be 10 points allocated for overall writing (please
check for grammar spellings etc.).
Good Luck!
Purchase answer to see full
attachment
Explanation & Answer:
3 pages
Tags:
management
business
economics
User generated content is uploaded by users for the purposes of learning and should be used following FENTYESSAYS.COM ESSAY’s honor code & terms of service.
