Economic Brief

Describe the different types of economic systems and the role of government in economics

1. Identify economic principles and their applications by interpreting diagrams and graphs
2. Describe how trade impacts a specific industry
3. Describe how government decisions can impact market outcomes
4. Recognize industry related strategies to enhance economic efficiency

Similar to your first assignment, this assignment also requires you to develop an economic brief.

Remember, an economic brief provides a snapshot, or short summary, related to an economic concept,

which is generally just a few pages long and may include additional visuals like a graph, chart, or table.

Instructions

With your selected industry from Assignment 1 in mind, develop an economic brief in which you address

the following items:

1. How does trade impact the goods and/or services that this industry provides?

1. What economic principles (e.g., trade, globalization, government spending, fiscal policy, and debt, etc.) would impact strategic decisions for this industry?
2. Include an existing graph, chart, or table that relates to your summary.
3. How do government strategies impact this industry?

Industry Background Resources

These resources are available to help you:

• Industries at a Glance
• Mergent OnlineHelp Video on Mergent Industry Reports
• Business Source Complete
  United States Industry Profiles
  All Industry Profiles by Country (select Industry Profiles in left menu Source Types)
• Flipster Online Magazines
  Scroll through to view these recommendations: Bloomberg Businessweek and Fast Company