New House

A New House

XECO/212

Steve Klense, MPH, RNHA

A New House 2

Contents:

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

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

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

Consider the roles of the domestic economy and international trade in your assessment of the strength of the economy.

Determine what situations or conditions could have led you to make a different decision.

A New House 3

The economy for purchasing a home is not stable, the leaders are willing to give loans, but with a low interest rate and your home value now will decrease in the future market selling rate.

My decision planning for purchasing a new home has leaned toward many principles of economics, I feel principle six is relating to the economic standards of today’s market growth. This principle organizes economic activity in the goods and service department of trade with other countries industry markets. I understand in purchasing my home some materials to build my home will be imported from other countries. These materials will have a large or small marketing value price to supply goods to the home builders industry. I would investigate what amount of percentage or price the Government has on supplies and demands towards overseas or imported goods for that particular time. I am looking at the cost of the house to be built from these materials and what would be my actual cost after closing and my monthly house payments for thirty years. My monthly payments will be five times less than my annual income after taxes of fifteen-hundred dollars.

The organize economic activity allows me to spend the money I saved in...