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1 page/≈275 words
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Style:
APA
Subject:
Business & Marketing
Type:
Coursework
Language:
English (U.S.)
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Date:
Total cost:
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Topic:

Analyzing the Article: Homebuilder Confidence Improves, Despite Record-high Lumber Prices

Coursework Instructions:

Please select a current news article and prepare an article summary. In contrast to the Journaling Assignment which asked you to look inward, this assignment is asking you to look outward as to how this course relates to a current event in the economy. 
Assignment:
Download the ''Article Analysis Template'' Preview the document download to complete this assignment. Use this template to write your article summary.
The article summary should be related to the chapter readings in this course.
Note;
Course: ECON 620: Business Eonomics
Course Objectives:
This course is designed to provide the student with the conceptual tools needed to understand everyday economic issues facing households and businesses. The student will learn how to use a few basic theoretical models to analyze such economic issues as price fluctuations, price controls, managing revenues and profits, fluctuations in national output, inflation, unemployment, recessions, budget deficits, changes in money supply and interest rates.
More specifically, this course aims to help students learn how to:
-Correctly interpret and use economic terms or phrases.
-Correctly interpret, use, and transform economic data.
-Describe and explain the basic relationships in fundamental economic models such as supply and demand; elasticity and revenues; output, income, and employment; aggregate demand and aggregate supply.
-Correctly apply economic models in analyzing specific economic issues, or in assessing economic opinions.
-Correctly apply economic models in appraising or synthesizing economic policies or decisions.

Coursework Sample Content Preview:
Template to Analyze an Article
Title of Article: Homebuilder confidence improves, despite record-high lumber prices
Location of Article (Link): Homebuilder confidence improves, despite record-high lumber prices
1. Please provide a detailed summary of the article:
The article that I found discusses the rapid increase in demand for newly built houses that make the builder's confidence high even though prices of the materials rise. The article says that buyers often choose to buy newly built houses, thus increasing their demand.
2. How is the article relevant to this class (please include the chapter(s) reference)?
This is relevant because knowing the sudden changes in different aspects of the business will make you more aware of your business opportunity.
3. List the most important facts/evidence the author uses to support the main idea:
According to the CNBC article mentioned...
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