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MICRO ECONOMICS YOU TELL ME YOUR CHOSEN TOPIC You have considerable flexibility with your choice but you need to make sure that whatever topic you select is going to allow you to explore applications of the content from this microeconomics course. There's a requirement that the topic aligns with content from this course--basically what that means is that we want a 'micro' economics topic rather than a 'macro' economics topic. So you want a topic that will allow you to apply terms like: opportunity cost, incentives, supply & demand, price controls, perfect competition, monopoly, monopolistic competition, oligopoly, etc. You will need to avoid macroeconomics topics e.g. GDP, inflation, unemployment, exchange rates, Federal Reserve, monetary policy, fiscal policy, budget surplus, budget deficit, trade deficit, trade surplus, etc, as those are concepts from the Econ 211 course rather than this one!

Date Posted: 27/12/2018
Category: Economics
Due Date: 20/01/2019
Instruction
Instructions for preparing this assignment are as follows: Each paper is to be an analysis on the recent economic events or economic reports from the supplemental resources or references. The focus of this assignment is to relate and analyze current events to basic principles of microeconomics covered in this course. It is not acceptable to just regurgitate statistics. The paper should indicate that you have a clear understanding of theory learned in class and its application/operation in the 'outside world.' Option - IF you come upon an interesting subject relating to your work or any other non-economic publication that can be explained in light of the theories learned in this class, you may be able to substitute this as the basis article. Discuss the article and ideas with your instructor prior to embarking on this option. Use standard file format (.doc or .docx) for all deliverables (topic, draft, and final paper). Standard margins apply. Papers should contain proper documentation of the article(s) or other references used. If direct quotes are used (not contained in the article), appropriate footnotes, endnotes, or parenthetical citations must accompany the quotes. Since a part of your paper will come from published sources, Internet references, etc., there should be sufficient evidence of where the information for your paper originated. Paper length should be a few pages - short enough to qualify as a commentary but long enough to adequately address the subject. Typically, six to eight double spaced pages are sufficient. Papers are graded on quality of content, not quantity. Standard APA style rules apply and clarity is important to your grade.
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  • (The following is Feedback from Professor regarding topic info. Please consider this moving forward. Thanks) okay, this is a microeconomics topic though it's better to focus on a particular example of monopolistic competition--if you focus on monopolistic competition directly, that'll just be summarizing the textbook...but what we're really after is the application of ideas from the course to some example--ultimately you'll want to be sure to provide your own analysis--once you have a good example it should be relatively straightforward to apply your own analysis based on ideas and concepts from the course! (This is an important comment to pay attention to as you choose your topic and develop the paper: It's not meant to be a report or a Wikipedia article, instead we want something closer to a NY Times or WSJ Op-Ed).
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