ECO 365 Week 2 Assignment Markets and the Economics of the Public Sector Paper

    0

    Purpose of Assignment
    In Week 2 students will employ the supply and demand model to develop consumer surplus and producer surplus as a measure of welfare and market efficiency. Students learn about welfare economicsthe study of how the allocation of resources affects economic well-beingand will discover that under most circumstances the equilibrium price and quantity is also the one that maximizes welfare. Students will review different sources of externalities and a variety of potential cures and will see that while markets are usually a good way to organize economic activity governments can sometimes improve market outcomes. Students will see how the U.S. government raises and spends money and the difficulty of making a tax system both efficient and equitable.
    Assignment Steps
    Scenario:You have been assigned to a team that has the responsibility of preparing a paper for the governors next economic conference.
    Preparea 1050-word paper addressing the following:
    Citea minimum of three peer-reviewed sources not including your textbook.
    Formatconsistent with APA guidelines.

                                                                                                                                      Order Now