Week 9

I have considered purchasing a new home; I am going to involve all the 10 principles of economics in my decision to see whether it is the right time to buy. The most important part of purchasing a home is the financial area with income, taxes, and annual percentage rates. The decision to purchase a house is one of the most important decisions that the average consumer will make in his or her lifetime. This decision, in the best of circumstances, must be weighed very carefully. In a fickle economy such as the one the United States faces now, the weight of this decision is even heavier. If one makes the wrong decision, it could have financial repercussions for years to come. There are many points to be considered when deciding on whether or not to buy a house. If you are not prepared to give up something to get something then it is not the right time to buy.
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XECO 212 Week 9 Final Project Name:

XECO 212 Week 9 Final Project

Posted On : 05-03-2011
Question:

XECO 212 Week 9 Final Project

Review

the final project criteria in Appendix A.

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Write

a 1,750- to 2,450-word word paper in APA format in which you decide whether to purchase a house.

o

Discuss which principles of economics directly relate to your purchasing decision.

o

Compare the marginal benefits and the marginal costs associated with your purchasing decision.

o

Explain how the strength of the economy as a whole affected the marginal benefits and the marginal costs associated with that