Short Essay 1

The main benefit of learning Economics is gaining an analytical approach to solving problems and increasing the chances of you achieving a desired outcome in life.  So with this assignment you will choose a desired outcome for completing your program here at Thomas Nelson.

1. What is your desired outcome from completing your academic program at Thomas Nelson?*

* if you are only taking this course for credit towards another institution you can answer with your desired outcome of completing that academic program (your desired outcome cannot only be to earn an 'A' or pass this course)

2. Apply the concepts below to your plan towards achieving your desired outcome:

• opportunity cost
• marginal analysis
• incentives
• trade
• demand
• supply