macroeconomic topic and its impact on the economy as a whole.
House sales —discuss the rise and fall of the market in different region
Start with an introduction page that establishes the topic and its importance, and gives some details and statistics (be sure to cite your sources).
Discuss the topic with regard to its effect on the global or U.S. economy in the next two or three pages. Posit the arguments or the pros and the cons of the concepts being examined. How things might change about the concept in the near term?
the economic concepts that were given in the discussion were-scarcity-tradeoffs and opportunity costs-efficiency versus equity- markets, externalities, market power, and market failure-standards of living-productivity-inflation and unemployment-trade and interdependence, comparative and absolute advantage-supply and demand (and their determinants) and equilibrium-monopoly, oligopoly, competitive markets-price elasticity of demand-government regulation, price ceilings and floors (WHICH I THINK SHOULD BE INCLUDED IN THE ESSAY), rationing, taxesi think what should be included: inflation and its affect on the housing market and how the market has affected the country’s GDP as of late. also look at how affordable and non-affordable house prices have become in different states during the pandemic (which is price ceilings and floors) THANK YOU
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