Select a news article dated within the previous two months or within year 2014.
1. Clearly summarize the issue presented in the article.
2. Analyze the issue using the economic concepts and theory learned in our class.
3. Use additional references to back up your arguments if appropriate.
4. Include at least one graph developed in the course. Charts and tables are also encouraged.
Possible concepts include:
• taxes and consumer or producer surplus (Ch 3, Week 2)
• demand, supply, and equilibrium price of a particular product (Ch 3, Week 2)
• elasticity on a particular product (Ch 5, Week 2)
• perfect competition and imperfect competition, such as monopolies (Chps 8-11, Weeks 4-5)
• labor market, wages, and income inequality (Ch 14, Week 7)
• poverty and public policy (Very small part of Ch 14, Week 7)
• pricing and competition in the high tech sector (Google, Apple, Microsoft, Cell phone providers)