In this Assignment, you will be researching some of the key economic terms and concepts presented in the required and outside readings. You will then turn your theoretical research into practice by de

In this Assignment, you will be researching some of the key economic terms and concepts presented in the required and outside readings. You will then turn your theoretical research into practice by defining the terms and concepts, as well as offering real-time examples of each. This is a multi-part assignment, so make sure that you have addressed each question or topic. The best way to approach this assignment is to prepare your responses in outline form following the order of each question/topic. This will help you keep track of your responses.

·        Use concepts from the modular background readings as well as any good quality resources you can find.

·        Cite all sources within the text and in a reference list at the end of the paper.

·        Length: 4–5 pages double-spaced and typed.

·        The following items will be assessed in particular:

o   Your ability to follow prescribed assignment content guidelines.

o   Your ability to apply the basic concepts to the questions.

o   Some in-text references to the modular background readings (APA formatting not required).

o   The essay should address each element of the assignment. Remember to support your answers with solid references, including the case readings.

References:

Introduction to Economics, Khan Academy video, created by Sal Khan, 2012

There is a transcript available that accompanies the video. To view it, click "Transcript” directly beneath the “Introduction to economics” title beneath the video screen.

Use the ‘TinyURL’ to access the video: https://tinyurl.com/kwazxpt

If it is not working, here is the full URL: https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/econ-intro-in-macro-tutorial/v/introduction-to-economics

What is Economics and Why Is It Important, Creative Commons article, by Phil Schatz, OpenStax College, Economics. OpenStax CNX, (n.d.)  

Use the “TinyURL” to access the article:  https://tinyurl.com/yanr4t3v

If it is not working, here is the full URL: http://philschatz.com/economics-book/contents/m48591.html

Principles of Microeconomics, Video lecture (34:14) presented by Professor Jon Gruber, MIT, 2012Transcript is under “…More”

Use the “TinyURL” to access the video:  https://tinyurl.com/yaztgyky

If it is not working, here is the full URL: https://www.youtube.com/watch?v=Vss3nofHpZ

What are public goods? Khan Academy video presented by Professor Jonathan Anomaly, 2015

The video also has a Transcript option.

Use the “TinyURL” to access the video:  https://tinyurl.com/y9nqzpga

If it is not working, here is the full URL: https://www.khanacademy.org/partner-content/wi-phi/wiphi-value-theory/wiphi-political/v/what-are-public-goods