g123 econ100 section 03 principles of economics

Project Overview

The purpose of the course project is to familiarize you with real-world economic issues and how they relate to the Apple iPhone, which is the chosen good for this project. The Apple iPhone 6 plus cellular phone will be researched for this course project leading up to your final submission.

1. Introduction

This must include at least to paragraphs. A paragraph should be at least 4 or more full complete sentences in length

2. Supply and Demand Outline

  • Research the number of Apple iPhone 6 plus cellular phones that were released in the United States.
  • Identify the cost of the Apple iPhone 6 plus.
  • Discuss whether or not demand and supply are in equilibrium or is demand greater than supply.
  • Identify two factors that would cause the demand curve to shift to the left.
  • Discuss two factors that would cause the demand curve to shift to the right.
  • Identify two factors that would cause the supply curve to shift to the left.
  • Discuss two factors that would cause the supply curve to shift to the right
  • State whether or not a price floor or price ceiling in the iPhone 6 plus would benefit consumers and why.
  • Discuss if the Apple iPhone 6 plus account is a market failure.

This must include 1 – 2 pages of content and at least 2 sources.

3. Market Structure Classification

  • Discuss which market structure best aligns with the Apple iPhone 6 plus.
  • Align characteristics of the market structure to that of the Apple iPhone 6 plus.
  • Discuss how price and quantity are determined for the Apple iPhone 6 plus.
  • Identify other competitors in the market.
  • Discuss whether or not any other competitors have influence over the market.
  • State whether or not any competitors engage in price discrimination.
  • Identify if the market for cellular phone aligns with game theory to include, a Prisoner’s Dilemma.

This must include 1 – 2 pages of content and at least 2 sources

4. Consumer demand Analysis

  • Research and discuss how economic fluctuations affect the sale of the iPhone 6 plus.
  • Discuss what type of unemployment would result if the economies of the United States and China began to contract and why.
  • Identify the four causes of unemployment and state whether or not any of the causes of unemployment affect the market of the iPhone 6 plus.
  • Describe how unexpected inflation in the United States would affect the sale of the iPhone 6 plus.

This must include:

  • Introductory paragraph that previews topics to be discussed in your paper
  • Each of the four topics must be at least 2 or more sentences (sentences should read paragraphs) in length, a paragraph should be at least 4 or more full complete sentences in length
  • Conclusion to summarize key topics
  • In-text citations and references to include reference page
  • At least 700 words or more in length.

5. Course Project Summary

For your final course project assignment, you will compile each of the module course project submission into a PowerPoint Presentation to demonstrate your ability to provide a comprehensive presentation on the chosen course project product.

Topics that will be incorporated into your final course project assignment include:

  • How does an increase in fiscal policy affect consumers’ ability to purchase the iPhone 6 plus?
  • How does a decrease in fiscal policy affect consumers’ ability to purchase the iPhone 6 plus?
  • Does monetary policy affect the sale and purchase of the iPhone 6 plus in a negative manner?
  • Does monetary policy affect the sale and purchase of the iPhone 6 plus in a positive manner?

Your PowerPoint Presentation should include the following:

  • Title slide
  • Introduction slide
  • Two or more slides per assignment
  • Summary slide
  • Reference slide

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