After reading the case you will a. summarize it and b. analyze the case (as you did in your groups on the last case study.) Your analysis should discuss at least 4 relevant concepts that we have discussed in class as well as an argument for or against the ideas presented in the case. Be sure to use a (1) peer-reviewed journal to support your argument. c. complete the discussion questions on the last page if the case. Clearly indicate and identify each section of your submission and submit on the last day of class in hard copy form. Feel free to email me at [email protected] & [email protected] for any questions that you may have. Concepts in Class 1. Supply and Demand 2. Scarcity 3. Command Economic System 4. Market Economics Systems 5. Gross Domestic Product 6. Market Failure 7. Inflation 8. Cost/Relative Prices 9. Economic Man – Theories – Adam Smith, Hobbs, Alfred Marchall, Bernanrd De Mandeville