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
.
