You will complete a short activity to connect core concepts of scarcity, supply and demand, and market equilibrium as foundational analysis skills. This will help prepare you for your executive briefing in Week 3 by developing the economic reasoning and examples you will apply.
Create a 2- to 4-slide presentation on scarcity, supply and demand, and market equilibrium with application to a real-world or industry context.
Include detailed speaker notes to elaborate on the key points on your slides. In your presentation:
· Explain scarcity and opportunity cost with a simple consumer or business example that could be used to support a business recommendation. Include an example from the industry in which you are employed or intended to be employed.
· Explain how supply and demand interact to determine price by adding a chart, graph, or something similar, and briefly interpret what the results imply for decision-making. You may use AI tools (e.g., ChatGPT, Copilot, Tableau, etc.) to help generate graphs or examples; however, what is generated needs to be reviewed, personalized, and cited properly.
· Describe one way a company uses AI for pricing (e.g., Uber surge pricing, Amazon dynamic pricing).
· Explain how these economic insights could support business recommendations and executive decision-making.
Cite sources in the speaker notes.
Include an APA-formatted reference slide with all sources used, including AI-generated content.