ECON 213 Discussion 3

Topic: First, research one of these topics:

Elasticity of demand

Price takers

The role of profits and losses

Competition promotes prosperity

Law of diminishing marginal utility

Principal-agent problem

Economies of scale

Sunk costs

Then discuss your topic in an original thread by 11:59 p.m. (ET) on Friday of Module/Week 5, and reply to at least 2 classmates’ threads by 11:59 p.m. (ET) on Monday of the assigned module/week. Be sure to include the following:

In the first paragraph, discuss the relevant economic theory of your topic (your textbook is a good source for this paragraph).

In the second, you must include outside research to corroborate your thread (from the Liberty University Online Library or elsewhere).

In the third, cite and discuss a real-world example of your topic.

In the fourth, integrate biblical insights into your Discussion Board posts.

Title your thread according to your topic.

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