describe and analyze economic phenomena and write a coherent argument concerning the issue
The general objective is to use your knowledge about economics to describe and analyze economic phenomena and write a coherent argument concerning the issue. All papers must have an introduction, body, and summary conclusion (at the very least) to merit a B-. Your introduction must tell the reader what your paper is going to be about – that is, you must have a thesis statement in your first paragraph. This thesis statement must describe what YOUR paper is about – not the newspaper article. Choose from the following topics – Market structure analysis (case study that was not previously presented); Environmental Economics, Global issues, Public Goods, Imperfect Information, other ‘market imperfections’, advanced supply and demand (i.e. including market structure and/or price controls and/or elasticity.)[unique_solution]You should get approval of your topic first to confirm it′s a viable topic. Use the textbook to find additional info to back up your case. Specifics: Format: 3-5 pages. Double-spaced. 1-inch margins. No title page necessary. Double sided if hardcopy. Content: – Reference a legitimate news source (newspaper, online news source) that covers a story about the paper topic – Fully describe the policy/issue in a verbal explanation – Use economic analysis from class to present the issue (Content from relevant chapters for example.) – Draw the appropriate graphs (supply and demand, market structure graphs, etc). Indicate the surplus or shortage or price ceiling/floor, mark-up, optimal price or quantity, etc. – Describe the people/firms/countries that are affected and how they are affected – Evaluate the situation. What is your informed opinion? – Use the APA citation style (if you have trouble with this see the Library website).