Micro economic thought and theory


Prepare a research paper as part of a marketing research committee
for your organization about current microeconomic thought and theory
with a minimum word count of 850.

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* Students who submit less than the minimum will receive a grade of a D.

Identify the fundamental lessons the Ten Principles of Economics
teaches regarding:

• How people make decisions
• How people interact
• How the economy works as a whole

Discuss how the following will directly impact the Organization with
specific Applications to help the committee members understand how
markets work:

• Current Events and Legislation that may have an impact on the
Equilibrium of the Organization.
• How society manages its scarce resources and benefits from
economic interdependence.
• Why the demand curve slopes downward and the supply curve
slopes upward.
• Where the point of equilibrium is and what does it determine?
• The impact of price controls, taxes, and elasticity on changes in
supply, demand and equilibrium prices.

Format consistent with APA guidelines.

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