Macroeconomic Writing Essay
In this assignment, you will write to a parent or significant other and explain the concept of “supply and demand”; and how they can be used to understand how the price and quantity sold of a good or service is affected by events. You’ll probably need to help them understand the difference between price affecting quantity and a change in the supply or demand for a product. An example and a graphic might help them understand as well. To find a recent example, you could go to Google newsand search for: price supply demand -oil That will bring up some news articles about products other than oil, which is a slippery topic you might want to avoid.
Remember, they don’t have an economics background, so you’ll need to go step by step and help them relate to the principles.
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