Ecpnomics 601 | Economics homework help

Steps

This activity has three parts. Make sure you read on for details to complete them all!

Part One: Choose 
Identify an economic issue that is important in your community. These are some examples:

06.01 Environmental Policy Topics

The list below includes some topics that you may want to consider for your Module Six Project. Please keep in mind that your topic must be relevant to your local community. You are not limited to this list. Follow the steps and recommendations in the lesson to help you decide which topic to pursue.

Economic Policy Areas Specific Topic Ideas
Transportation Constructing and managing a high-speed rail system, 
expanding existing roads and highways, 
adding public bus system
Energy Build nuclear power plant, 
require new homes and buildings to install solar energy panels, 
renovate city buildings to be more 
energy efficient
Education Build a four-year university, 
allow building of charter schools, 
create dropout prevention program, 
build after-school youth center
Housing Drain wetlands to build new neighborhood, 
build new apartment complex in central part of city
Water Build new water treatment plant, 
upgrade sewage system throughout city
Jobs Offer lower taxes to attract new businesses, 
create job training program for jobs in demand locally
Law Enforcement Hiring additional police officers, 
installing “red light camera” system, 
increasing fines for traffic or 
other minor offenses, build a new jail, 
expand crime prevention education efforts

Part Two: Research
Learn more about how this issue affects your community. You may choose to contact a local leader such as a member of your city or county council or representative from an a related citizen interest group. Consult an online phone book or community website for contact information. Use the Research Chart to document your data, take notes, and track your sources of information.

Part Three: Construct 
Construct a circular-flow diagram for a business or industry in your community. Diagram the flow of goods, services, and money from your chosen industry to the various sectors of the local and world economy. For example, a factory in your community creates jobs and products. The income to the households creates spending in the economy as people consume products, invest, and pay taxes to the government.

Use the Research Chart to document how this business or industry’s activities affect the various sectors of the local and world economy.

Submit both the diagram and the chart in assessment 6.01.

Use the chart below to guide your research. Answer the questions presented for the issue you have chosen. Be sure to take notes, including the sources of information.

 Print

You may use any online resource to make the circular flow diagram such as this one:

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