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ECON100-Introduction to Economics

Question

Answered

Purpose

The purpose of this assignment is to help you:

1. Think like an Economist

2. Explain the intuitive logic of Economics

3. Apply economic reasoning to comprehend and solve problems in everyday life

4. Better understand the complexities of human behaviour.

5. Be creative in problem solving using Economic Analysis.

6. Link a modern Economic Analysis to its origins and possible reasons for its existence

Questions

1.Explain in your on words TWO Economic concepts, ideas, or theories from David Ricardo.

2.Provide an event from the News that can be explained with the two concepts that you have selected.

3.Provide an example of how two concepts help you to explain a Historical event. Please be specific about the Historical event.

4.Provide an example of two concepts has helped you to explain something that you observed in your every day life.

5.Provide some limitations of two concepts. Provide an example in your life where it might be difficult or challenging to use this approach, or they can not explain something in society.

6.Discuss how would you test the validity of those two concepts to a situation or problem that you are facing.

7.How those two concepts can help you to explain a local or global problem?

8.How those two concepts can help you to IMPROVE society or the world?

9.Create ONE question per concept that would require the application of those concepts.

10.What have you learned from doing this assignment and from this Economist. (i.e. about you, other people, the material, the process of learning, etc).

 

 

ECON100-Introduction to Economics

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