Explain concepts of supply and demand, economics homework help

///Assignment Objectives

Explain concepts of supply and demand

Explain what is meant by “business cycles” and “economic growth and describe the factors that contribute to each.

Demonstrate understanding of the relevance and impact of macroeconomics and how it impacts politics, the workplace, and people.///

Gideonwriter: No need for APA. Just material I can use. Also I need to submit by midnight today. Sorry!

Primary Discussion Response is due by Wednesday (11:59:59pm Central), Peer Responses are due by Sunday (11:59:59pm Central).

Primary Task Response: Within the Discussion Board area, write 200–400 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Choose a developing country, and discuss its economic growth in the last 2–3 years. Discuss whether you believe the country is on a good course of economic growth and whether the macroeconomic policies are helping achieve this growth. ;Include the following information:

• Identify its growth in output per capita and in population growth.
• Is it an open or closed economy?
• The unemployment rate is an important economic indicator. ; Please review this video and discuss how your chosen country’s unemployment rate compares to that of America.
• Identify its comparative advantage and whether it is involved in trade.
• Identify the country’s type of economy: market, command, or mixed economy.
• Is the country’s foreign exchange overvalued or undervalued? Has the central bank intervened in the foreign exchange market on behalf of the country’s currency valuation?

Responses to Other Students: Respond to at least 2 of your fellow classmates with at least a 100-word reply about their Primary Task Response regarding items you found to be compelling and enlightening. To help you with your discussion, please consider the following questions:

• What did you learn from your classmate’s posting?
• What additional questions do you have after reading the posting?
• What clarification do you need regarding the posting?
• What differences or similarities do you see between your posting and other classmates’ postings?