Question: Part One
Instructions: Develop an economic brief that is two to three (2-3) pages long in which you:
1. Select an industry and describe the goods and/or services this industry produces. Pick an industry from the NAICS list.
2. Identify this industry's market structure and at least two or more market characteristics that support this market structure. (Market structures are covered in Weeks 3 and 4.)
3. Describe any notable microeconomic relationships, market outcomes, and/or trends in this industry. Include a graph, chart, or table containing related data. (Microeconomic relationships and market outcomes are covered in Weeks 2 through 4.)
4. How might government impact this industry's market prices, output, and/or market structure? (Government intervention through price controls, industry regulations, and antitrust enforcement is covered in Weeks 2 and 4.)
5. This course requires use of Strayer Writing Standards (SWS). The format is different compared to other Strayer University courses. Please take a moment to review the SWS documentation for details. (Note: You'll be prompted to enter your Blackboard login credentials to view these standards.)
• Your brief should include a cover page.
• Your brief should be two to three (2-3) pages in length (not including the cover page), double-spaced, 12-point font.
• Your brief should include a minimum of one (1) reference/citation in the text.
Part Two: Prepare a Final Report that is approximately two to three (2-3) pages long in which you:
1. Assess your selected industry's relative size and growth rate in the economy.
2. Identify at least one newsworthy macroeconomic indicator or policy that is important for the industry to monitor, e.g., GDP, unemployment, inflation rates, interest rates, trade policy, government taxation and spending decisions, and/or FED decisions.
3. Explain why this macroeconomic indicator or policy is important and how it may impact your selected industry.
4. Describe a recent trend in the macroeconomic indicator or policy. Include a graph, chart, or table that illustrates the observed trend.
5. Conclude with a forecast for the industry based on whether the trend identified in part 4 is expected to continue. Provide support for your conclusion.
• Your brief should include a cover page.
• Your brief should be two to three (2-3) pages in length (not including the cover page), double-spaced, 12-point font.
• Your report should include a minimum of two (2) references/citations in the text.