Discussion econ201

Learning Goal: I’m working on a management discussion question and need support to help me learn.

  • Identify the key concepts of Economics.
  • Discuss the key concepts of Economics.

2.2 Action Required:

Kindly go through the video link:

https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/econ-intro-in-macro-tutorial/v/introduction-to-economics

2.3 Test your Knowledge (Question):

Explain Key principles of economics. ‘your answers should not exceed 100 words”

2.4 Instructions

Answer the given question in Discussion Board.

 

  • Apply the supply and demand model to determine market equilibrium
  • Recognize how changes in supply, demand, and government regulations affect market outcomes
  • Describe the price mechanism

3.2 Action Required:

Watch the video using the following link:

Definition of the law of supply (video) | Khan AcademyDefinition of the law of supplyKhan Academy

3.3 Test your Knowledge (Question):

Explain the Equilibrium of the Market and how price is determined? ‘your answers should not exceed 100 words”

 

3.4 Instructions

Answer the given question in Discussion Board.

 

 

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