1. Pick a recent news article from a major newspaper that contains content amenable to microeconomic analysis.
2. In the first short paragraph you might outline the main points from the article that you are planning to analyze. You should identify the key microeconomic issue(s) discussed in the article. Do not summarize the article.
3. Using the tools (including graphs) and terminology learned in this microeconomics course analytically explain the economics embedded in the article. Most news articles rarely, if ever, mention the terms or models we discuss in class even though economic concepts and an underlying economic model are often very relevant to the article’s subject matter. The news article simply describes something that is happening in the world. This is your opportunity to think like an economist to show how economic analysis can enhance our understanding of the issue discussed in the article. If you can identify and analytically consider even one or two economic elements in a news story, then you may understand far more about the issue than most other readers, who only read the words as they are written on the page.
4. The length of the analysis should be between 400 and 600 words (a word count should appear at the end of the analysis). The analysis should be typewritten, although you can neatly hand draw any graphs. You must attach a copy of your news article to your analysis.
5. Carefully proofread for spelling and grammatical errors.
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