Week 5 Assignment – Economic Principles – Microeconomics
Overview
In this assignment, you will develop a paper in which you select an industry that interests you, describe that industry, and explain how government might impact the industry.
Instructions
2–3-page paper on Economic Principles – Microeconomics in which you:
1. Choose an industry that interests you. (Remember, an industry is not a company. An industry is a
group of companies doing the same thing. Ford is a company. Automobile manufacturing is an
industry.)
2. Do research on your industry. In a few short paragraphs, describe your selected industry:

2. Describe a microeconomic variable for your industry. Microeconomic variables include prices,
sales, production, advertising, investment, and so on.
3. Include a graph, chart, or table showing this microeconomic variable over time.

2. Describe one way the government might impact this industry. Examples might include price controls, regulations, taxes, or any other way you can think of.

This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is: Explain economic principles and their applications in the real world.

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