Current Topic Reports -
Assignment: Access a current (written within the past year) news article or Op-Ed and write a response that:
a. Summarizes the microeconomic arguments, statistics, and current events presented in the article. (one paragraph at most)
b. Examines how the article relates to concepts that we have learned in the course.
- The economic concept of scarcity.
- The economic concepts of opportunity cost and marginal decision making.
- The economic concept of incentives.
- The economic concept of efficiency
- Distinguish between correlation and causation.
- The characteristics of a good economic model
- Distinguish between positive and normative analysis.
c. Comments on how your reading of the article has been changed by the concepts learned in Econ 2101.
d. i. Examines whether different politicians might have opposing views of the events described in the article and how microeconomic thinking might shed light on the political arguments of both sides. Relevant citation of additional sources that explain a specific politician's views on the events of the article will earn extra credit.
OR
ii. Examines whether your own opinion of the topic presented in the article is influenced by your faith or values and explores whether there is any tension between the teachings of economics and your beliefs. Relevant citation of the Bible or other religious texts will earn extra credit.
2. Potential Sources:
Any reputable news or opinion outlet (don't use satirical sites like The Onion)
Examples: the New York Times, CNN, the Economist, the Wall Street Journal, etc...
See the SPU Library ECON 2101 Subject Guide for instructions on how to access such resources: https://spu.libguides.com/sbe
Attachment:- Assignment Files.rar