A key skill in economics is the ability to use economics theory to better understand the state of the economy. In this week’s discussion, you get a chance to demonstrate your ability to analyze the effects of the Coronavirus on an industry of your interest (pathway or career interest). State whether the reality is as you expected.
Scenario: Consider your pathway, how has the pandemic impacted your pathway? Make sure to include GDP, production witin your pathway, unemployment, prices, and any other economic indicator that you believe may be relevant. Explain your reasoning and include at least one credible source (news paper article, journal, magazine, not Wikipedia). If you are unable to develop a graph digitally, draw your graph by hand, take a picture, then upload it to your discussion post. Make sure your response is 300 – 400 words. Your response must also be in APA format.
1. Student addresses all questions.
2. 300 – 400 words
3. The source/s is current and relevant.
4. Student makes at least 3 points and directly relates them to economic theory. Supply and Demand graph is included to depict economic scenario.
5. All APA format guidelines are followed.
6. The answer(s) are grammatically correct and no spelling errors.
Written in a logical manner and demonstrates the use of economic terms.
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