ASSIGNMENT 1 – Please submit each assignment as it’s own document 

At 11 a.m. you hear a ping! and open your email. The contest site has sent you this update:

Hello Contest Entrant,

Today is the day to submit the issue you have chosen. The Council will pre-screen all entries and give you feedback before you proceed with your research. Please submit both your issue and a circular-flow diagram based on your chosen topic as soon as possible.

Have a great day,
Will Pawgg., Contest Coordinator

Choose
Identify an economic issue that is important in your community. You may choose to talk to your instructors and members of your family.

You may choose an issue from the list below.

Economic Policy Topics

Water scarcity

Sustainable development

Climate change

Animal overpopulation

Air pollution

Energy conservation

Water pollution

Resource stripping

Sanitation

Erosion

• Hazardous waste
• Transportation
• Chemical safety
• Malnutrition
• Biodiversity
• Deforestation
• Population/food supply
• Noise pollution
• Research
  Learn more about how this issue affects your community. You may choose to contact a local leader such as a member of your city or county council or representative from a related citizen interest group. Consult an online phone book or community website for contact information. Use the Research Chart to document your data, take notes, and track your sources of information.
• Construct
  Construct a circular-flow diagram for a business or industry in your community. Diagram the flow of goods, services, and money from your chosen industry to the various sectors of the local and world economy.
• For example, a factory in your community creates jobs and products. The income to the households creates spending in the economy as people consume products, invest, and pay taxes to the government.
• Use the Research Chart to document how this business or activities affect the various sectors of the local and world economy.
• ASSIGNMENT 2 – Please submit each assignment as it’s own document 
• The phone rings at 5:07 p.m., and you see from the caller ID that it is Will Pawgg.
• Will tells you that a major grant foundations just placed your community on its watch list. The council wants this project to help meet the foundation’s standards for better community living and a representative has offered to match the city council prize for the winning entry! Will thinks your project is great and could be a winner. You need to submit your potential action plans with the costs and benefits for each as soon as possible to help with the foundation’s information request. His advice is to put in as much detail as you can to impress them! You thank Will and get to work. You want that $40,000!
• Consider
  Consider all possible action plans and solutions to the issue you are researching. Ask what your community can do to address the issue you have chosen. What can you personally do? Are there multiple perspectives on the best way to address the problem? Conduct research in your local community to answer these questions.
• Analyze
  Consider the consequences each potential solution may have on all levels of your local economy. What are the costs and benefits of your potential action plans? What are the externalities, both positive and negative, of your chosen solutions?
• Use the Research Chart to document your data, take notes, and track your sources of information.

ASSIGNMENT 3 – Please submit each assignment as it’s own document

You receive an envelope in the mail containing a note card. The note card reads:

Congratulations! You are one of the finalists in our Community Improvement competition! We are asking all finalists to attend the next council meeting to present your plan to the community. Be sure to provide a statement about how each possible solution you have considered measures up to your chosen criteria. We look forward to hearing which solution you choose as the best possible option to turn into action. Good luck finalizing your presentation!

Using the information you have gathered, answer the following questions.

How does each possible solution for your chosen issue meet or fail to meet each of your criteria? Explain.

Based on your research, which is the best solution to turn into action? Explain why you made this choice over the other possible solutions. Refer back to the criteria and externalities.