Guidelines:

From this article: https://www.nytimes.com/2019/07/30/technology/trump-trade-war-vietnam.html  

**Summary 1 paragraph

**Apply these concepts to the article (concept 1-6: I want you to apply if you can/ concept 7-15 is depended on you)

  1. Demand and Supply and Market Equilibrium
  2. Opportunity cost:

opportunity cost is the best alternative that we give up, or forgo, when we make a choice or decision. Many companies including APPLE think that their next products might be made in Vietnam, instead of China. Use the idea of opportunity cost to explain why.

  • The Circular Flow Diagram
  • Labor Market: what would happen with labor if iPhone is made in Vietnam comparison to China. You may find some statistics.
  • Market: which market that apple should be considered, why?
  • Perfect competition
  • Pure monopoly
  • Monopolistic competition
  • Oligopoly
  • Economic Growth 
  • Short run cost
  • Utility Maximization
  • Marginal Analysis
  • Long run cost
  • The Capital Market
  • Public goods and Externalities
  • Income distribution and poverty
  • Public Finance
  • International Trade

** Students Opinion 1-2 paragraphs: Some of the questions you might answer in your opinion are: Did you like or dislike the article? Whom does this article impact, and how are they affected by its contents? How does this article apply to your family or you? What did you learn that was new, interesting, or significant? If the article involves a change in policy, you should discuss the fairness issue.

** At least 4 pages

Grading Sheet

  • 15%: Title, source, and date of the News Article.
  • 15%: Summary of the News Article: Include facts, statistics, examples, and quotes to describe the authors main ideas.
  • 30%: Identify and define the concept: Explain what the concept is and how it is applied in the article. Be certain to use the concept correctly. Relate the concept to what we are studying in Economics.
  • 30%: Students Opinion: Some of the questions you might answer in your opinion are: Did you like or dislike the article? Whom does this article impact, and how are they affected by its contents? How does this article apply to your family or you? What did you learn that was new, interesting, or significant? If the article involves a change in policy, you should discuss the fairness issue. This section is very important to me. It lets me observe how you comprehending what we are learning.
  • 10%: Evidence of Preparation
 
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