02 Jun Question Allied American University
Question
Allied American University
ECN150 module 1 assignment
PART I
Directions: Please draft a three page long document in APA format in which you address the questions below. You must cite at least three scholarly sources within the context of your work and cite your references according to APA style. Please utilize LIRN to help you get started with your search. You may visit the Academic Resource Center for a guide on how to utilize LIRN successfully.
1. Describe and identify microeconomic theory and contrast it to macroeconomic theory.
2. List and explain the four principles of individual decision-making. In your explanation identify elements that go into the decision making process.
3. Provide an example of a decision in which you faced trade-offs, considered opportunity costs and evaluated the options by comparing the marginal benefits and the marginal costs associated with that decision.
4. List the incentives which drew you to that decision or the incentives that could have led you to make a different choice.
PART II: Reflection Essay
As you think ahead for the next seven units, identify and describe three concepts you would like to leave this class knowing more about and how those concepts will play a role in your overall decision making process. Write a one to two page essay and identify topics of study along with the reasoning behind your choices.
ECN150 module 2 assignment
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