Compare and contrast the concept of supply and demand.
What do you feel the benefits and implications of this concept are?
Explain a time that you have experienced the effects of supply and demand and discuss what happened knowing what you know now. Saylor (2013). Chapter 1: What is economics? (Links to an external site.) In, Macroeconomics: Theory through Application. pp. 5-12
Articles & Websites:
- Hayes, A. (2020). Guide to economics (Links to an external site.). Investopedia.
- Poulton, D. (2013). Interest rate fluctuations affect consumers’ buying power (Links to an external site.). The Times. [online]
- Udoka, C., & Roland, A. (2012). The effect of interest rate fluctuation on the economic growth of Nigeria, 1970-2010 (Links to an external site.). International Journal of Business and Social Science, 3(20), 295-302.
- Seabury, C. (2014). How interest rates affect the U.S. markets (Links to an external site.). Investopedia.