ECO 372 Week 2 Product Purchases and the Economy

ECO 372 Entire Course
ECO 372 Week 2 Product
Purchases and the Economy

Write a
APA conforming 1,050- to 1,400-word paper in which you address the

• Select a product in which the demand for the product is clearly affected
by the strength or weakness of the overall economy in one of these
categories: Real Estate, Transportation, or Travel.

• Identify and define two economic indicators that reflect the strength of
the economy (e.g. real GDP, unemployment rate, inflation rate, interest
rate, and/or housing starts).

With these economic indicators in mind, how has the economy affected the
demand for and supply of your selected product over the last 2 years?
(Provide specific data and sources to confirm your notions)

• Explain the impact on the price of the product and your decision
on whether or not to buy the product.

• Include responses to the following:

    • How might you apply what you learned about supply and
demand to your work place or your understanding of the    
  product you are considering purchasing?

    • How do the concepts of macroeconomics help you understand
the factors that affect shifts in supply and demand      
  on the price of the product?

Cite a minimum of three peer-reviewed sources not including
your textbook. Click the Assignment Files tab to submit your

SupportingMaterial:Week 1 Khan Academy VideosProduct Purchases and the Economy
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