For The Term Paper You Are Required To Pick A Current Econom

For The Term Paper You Are Required To Pick A Current Economic Topic

For the term paper, you are required to pick a current economic topic that relates to the material we have covered or will cover in this course. You will research and find an article that covers the topic you have chosen. You can use an article online or offline from any reputable source. You will write up a review of the article and integrate course concepts into your review. Please make sure you both summarize the article and discuss how it relates to the course.

Complete this essay in a Microsoft Word document in APA format. Your work will automatically be submitted to Turnitin for plagiarism review. Please note that a minimum of 700 words for your essay is required. Course concepts: Lesson 1: Introduction to Economic Thinking Lesson 2: Demand, Supply, & Market Equilibrium Lesson 3: Elasticity Lesson 4: Consumer Choice Lesson 5: Businesses and Their Cost Lesson 6: Pure Competition & Monopoly

Paper For Above instruction

The purpose of this term paper is to analyze a current economic issue by selecting a recent article that pertains to topics covered in the course. The assignment involves summarizing the article, evaluating its content critically, and demonstrating how it connects to fundamental economic principles such as demand and supply, elasticity, consumer choice, costs of businesses, and market structures like pure competition and monopoly. This exercise aims to deepen understanding of theoretical concepts through real-world application, fostering analytical skills by integrating scholarly articles with academic course materials.

The process begins with identifying a reputable article—either online or offline—that discusses a current economic development or issue. For example, topics could include the impact of recent government policies on the housing market, fluctuations in commodity prices, or the effects of technological advancements on consumer behavior. Once selected, the article’s core ideas must be summarized succinctly, capturing the main points and data presented. This summary forms the foundation for the critical analysis, where connections to course concepts are made explicit.

In integrating course concepts, the paper should examine how the article illustrates demand and supply interactions or demonstrates market equilibrium shifts. For instance, if the article discusses a rise in demand for electric vehicles, the student should analyze this within the framework of demand elasticity and consumer preferences. Similarly, if the article explores price controls in a particular industry, it should be linked to supply constraints and market failure analyses. The discussion should also include references to the costs faced by firms or market competition, as reflected in the article.

Writing this paper requires a clear structure: an introduction that outlines the article and its relevance, a body that provides an in-depth review and course integration, and a conclusion emphasizing key insights gained. The essay must be at least 700 words, formatted according to APA guidelines, including proper citations both within the text and in the references list. The research process emphasizes critical thinking and synthesis, encouraging students to connect theoretical economic principles with contemporary real-world issues.

References

  • Blanchard, O. (2017). Macroeconomics (7th ed.). Pearson.
  • Mankiw, N. G. (2021). Principles of Economics (8th ed.). Cengage Learning.
  • Krugman, P., & Wells, R. (2018). Economics (5th ed.). Worth Publishers.
  • Case, K. E., Fair, R. C., & Oster, S. M. (2020). Principles of Economics (12th ed.). Pearson.
  • Friedman, M. (2002). Capitalism and Freedom. University of Chicago Press.
  • Stiglitz, J. E. (2010). Economics of the Public Sector (3rd ed.). W. W. Norton & Company.
  • Samuelson, P. A., & Nordhaus, W. D. (2010). Economics (19th ed.). McGraw-Hill Education.
  • Fischer, S., & Russell, R. (2019). Economics for Dummies. Wiley Publishing.
  • Frank, R. H. (2019). Microeconomics and Behavior (9th ed.). McGraw-Hill Education.
  • Romer, D. (2019). Advanced Microeconomic Theory. McGraw-Hill Education.

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