At the beginning of this course, in the Getting to Know You forum, you shared an economic issue that you have been concerned about. For your final paper, you will revisit that issue (or one that has since surfaced for you) and address it with what you have learned throughout this course. You will need to answer the following questions in your paper:
• What is the nature and scope of the issue
• What did you learn in this course regarding this issue
• Which economic concepts listed below can you apply to help you understand this issue more fully
o Prices
o Supply and demand
o Price controls
o The role of profit in market efficiency
o Different market structures (perfect competition, monopoly, cartels)
o The labor market
o Unemployment
o Money and banking system
o Government budgets
o Role of the government in the economy
o Trade
• What are economic experts saying about this issue
• What does the Bible say about this issue
o Use Scripture to support your response.
• What solutions or ways forward can you present regarding this topic, and how can you be a part of that solution
You are to use at least three outside sources (plus the textbook). The body of the essay is to be four to five pages (double spaced, not including the title and references pages) in length, and all in-text citations and references are to be in APA format.
Please ensure all questions are answered, and there are at least three outside sources plus the textbooks below cited. Thank you!
At the beginning of class, I stated, This is a loaded question as I think everything currently is wrong with the United States economy.
So, you can choose any issue.
We have been reading:
• Sowell, T. (2015). Basic economics: A common sense guide to the economy (5th ed.).
• Stapleford, J. (2015). Bulls, bears, and golden calves: Applying Christian ethics in economics (3rd ed.).
. Bible – Please make sure there are 2 Bible citations.