Module 2 - Case CONSUMER BEHAVIOR, PRODUCTION AND COSTS Assignment Overview Consumer Decision-Making In the same way that you have been affected by marketing since you first asked an adult for a toy o

Module 2 - SLP

CONSUMER BEHAVIOR, PRODUCTION AND COSTS

SLP Assignment Expectations

Economic Impacts for Producers

This week’s case focused on the consumer side of economics. Producers must manage more constraints in their decision-making.

Session Long Project 2 Resources

Producer Price Index (PPI) (2021)
Purchasing Power (2021)
Global Business Spend Indicator, New Survey by American Express, Shows U.S. Businesses Have Bullish Outlook on B2B Spending (2021)
Despite winter slowdown and job losses, businesses boost spending as they look toward better spring (2021)
Defining a Market System

SLP Assignment

Economic Constraints and the Producer

The Course Data File contains the Product for this assignment.

Research the product from an economic standpoint (include supply and demand, cost). Describe what has been happening in the product market over the last year. This section must be 1/2 page in length.

Next, discuss trends in the overall Producer Price Index (PPI). Using the two most recent monthly Producer Price Index Detailed Report, create a graph or chart (not a table) using Excel that shows changes in the product’s INDEX over time (at least 4 months of data). Discuss the percentage change over time. Provide a brief description of each visual. How to Label Figures in APA Format (Research Required)

This section must be 1/2 page in length (not including Excel visual).

As a conclusion, analyze how producers reacted to price, demand, or supply changes. Explain it using economic terminology. (Research Required). This section will be 1/2 page in length.

No quotations are permitted in this paper. Since you are engaging in research, be sure to cite and reference the sources in APA format. NOTE: Failure to use research with accompanying citations to support content will result in reduced scoring “Level 2-Developing” across the grading rubric. This is a professional paper; not a personal one based on feelings. It must be written in the third person; this means words like “I”, “we,” and “you” are not appropriate. 

Assignment Expectations

Use the attached APA-formatted template (BUS530 SLP2) to create your submission.

• The template is set up in APA 7: double-spacing, font, margins, headings, page breaks, APA help links.

Your submission will include:

• Trident University International’s cover page

• A paper with APA citations (2- to 3-sentence introduction, body (includes Excel output), 2- to 3-sentence conclusion)

• The reference list page in APA format

• Excel Spreadsheet. Grade will not be posted without Excel upload.