Identify and discuss in your words three (3) major analysis/discussions that were introduced in your chapter. – Why did you like them? Explain how each identified analysis/discussion utilized two or more of the five key principles of economics which were outline in the first four chapters of your textbook.

Micro Economics chapter 7

(NOTE: page requirements are a minimum requirement. Failure to meet minimum requirements will earn at the maximum a C- grade on a paper. The paper should be written in your words. Do not submit cut and pasted sections of the chapter except for graphs that you wish to quote and discuss.)

40% of grade (two (2) pages, 11pt font single-spaced): Identify and discuss in your words three (3) major analysis/discussions that were introduced in your chapter.
– Why did you like them?
– Are they relevant to today’s current issues?
– Explain how each identified analysis/discussion utilized two or more of the five key principles of economics which were outline in the first four chapters of your textbook.

(Opportunity Cost, Marginal Cost, Voluntary Exchange, Diminishing Returns and Positive/Normative analysis.)
20% of grade (1.5 page, 11pt font single-spaced): Identify and discuss two (2) measuring techniques/graphs/or ?’s that provided a good, concise representation of a complex idea or discussion.
40% of grade (1.5 pages, 11pt font single-spaced): Identify and discuss in detail three (3) major conclusions that are made by the chapter.