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ECN150 module 1 assignment




Question;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.


Paper#56545 | Written in 18-Jul-2015

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