Economic Analysis

ECO 101 WEEK 1 DISCUSSION

Discussion 1
“Economic Analysis”
Please respond to the following:
1) Identify one type of economic analysis with which you are familiar and make a recommendation for how it might be improved for better decision making.
2) Discuss how economics impacts your work life and personal life.
Discussion 2
“Tools and systems”
Please respond to the following:
1) Use the Internet to find and research a distinct example of a comparative advantage, discuss how the comparative advantage you researched is affected by specialization. Provide specific examples to support your response.
2) Discuss the different economic systems and the decision-making rules that define them.


 

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