Question:
Select a news article dated within the previous two months and analyze the issue using the economic concepts and theory learned in this class. Include at least one graph developed in our course. The paper should be 5 pages long. Possible concepts include:
- taxes and consumer or producer surplus
- demand, supply, and equilibrium price of a particular product
- elasticity on a particular product
- perfect competition and imperfect competition, such as monopolies
- labor market, wages, and income inequality
- poverty and public policy
- another topic selected by the professor