Paper #1
In this first summit session, we are discussing the key economic concepts and reviewing
some terminology. Now, let’s put to practice what we’re learning.
Select a relevant microeconomics industry and discuss how it relates to the PPF. Consider
why countries engage in international trade and how that country aligns with the PPF
concept. Choose a topic that explores one or more factors of production and how they
relate to the PPF.
Locate a recent article or event (published within the last year) that highlights your
relevant microeconomics topic. Use the Hunt Library, newspapers, new stations, or other
credible sources to discuss how your topic aligns with microeconomics. Include the
following in your discussion:
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State the article or event you selected.
Identify the microeconomic concept(s).
Describe your findings.
Analyze the relevance to real-life applications.
Summarize your findings using at least 300 words and provide a minimum of one
reference. Use current APA formatting to document your sources.
Save your assignment using a naming convention that includes your first and last name and
the activity number (or description). Do not add punctuation or special characters.
This assignment will automatically be checked through Turnitin, a service that checks your
work for improper citation or potential plagiarism by comparing it against a database of
web pages, student papers, and articles from academic books and publications.
Note: Investopedia and Wikipedia are not considered credible sources in academia. Please
do not include Investopedia or Wikipedia as sources for any assignment in this course.
View Rubric
Paper #2 Assignment: Strategic Approaches to Competitive Advantages
Strategy is an organization’s action plan to achieve its mission, whether that is flying airplanes or
building them. Firms have several different ways to achieve their mission, and these strategic
concepts can provide an advantage over your competitors.
Based on your readings and resource review, you should be able to define the three strategic
approaches (differentiation, cost leadership, and response) to competitive advantages. With these
approaches in mind, identify a company and determine which approaches they use. While some
companies may use a combination of the approaches, focus your paper on the one key approach
used by the firm.
Write a 500-word (two-page) paper using the Writing Style Guide formatting.
Include the following:
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…xplain, briefly, the three strategic approaches to competitive advantages.
Provide an overview of your selected company.
Discuss which strategic approach your selected company uses and why they
use that approach.
Include a title and reference page and at least three references.
Save your assignment using a naming convention that includes your first and last name
and the activity number (or description). Do not add punctuation or special characters.
Your paper will automatically be evaluated through Turnitin when you submit your
assignment in this activity. Turnitin is a service that checks your work for improper
citation or potential plagiarism by comparing it against a database of web pages, student
papers, and articles from academic books and publications. Ensure that your work is
entirely your own and that you have not plagiarized any material! “PLG1” in the activity
name indicates a Turnitin assignment.
Review the Writing Rubric for detailed grading criteria.

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