Assignment:
Regardless of the topic you choose, your writing should contain the following parts:
An introduction: Telling the reader what the essay is about and a brief overview of the different components of the essay. This part is critical to capture the interest of the reader.
A descriptive section: Apply microeconomic tools and materials discussed in class to help the reader understand the topic. It might be helpful to consider that your audience has not taken this course. Feel free to include graphs, references, figures, tables, etc. However, the length of the essay should be adjusted accordingly.
A historical analysis: Give the reader a historical perspective and context for your topic. For example, is this a new phenomenon? Have public perceptions on the topic changed? How has the study of the topic evolved over time, or what are the most modern applications of the topic?
Government involvement: Describe the role that government has played in the topic or the lack of involvement. Has the level of government involvement changed over time? Is this good or bad, and why?
Applicability: How is the topic you chose relevant to your daily life as a student at the university and why is important for the reader to understand the topic?
Conclusion: Summarize briefly the writing assignment by reminding the reader about the project's components and the main ideas.
TOPICS (Choose one):
(1) Changes in supply or demand
(2) Price floors or ceilings
(3) Taxes or subsidies
(4) Monopoly or Oligopoly
(5) Public Goods
The essay should be at least 2 pages long (excluding the cover page, quotes, graphs, pictures, references list, etc.), single-spaced. Use only one space between sections and use 12 point font size with 1 inch margins on all sides. Failure to follow these guidelines will result in a significant grade reduction.