Option #1: Analyze an economic policy in the real world that affected a specific market. This could be something like a tax, price control, tariff or quota, rule, or regulation In your paper/presentation you should clearly address the following:
What was the new policy? Why was this policy implemented?
Was the policy directed at this market or was the effect on this market just a side effect?
What happened to the market? Did the policy affect supply or demand? What happened to prices and the size of the market?
Who benefitted from the result? Which groups were hurt from the policy? [consider incumbent firms, new firms, customers, workers, government, and any relevant third parties]
Overall did this policy improve things?
Were there external effects that went beyond this market (positive or negative externalities)
Do you have any suggestions for what could have been done differently in order to get a better result?
Did the results of this event support or contradict any important ideas you learned in this course?
Anything else that is relevant that I forgot here.
If you are analyzing a new policy, you may have to speculate about what the effect will be. That’s okay as long as your analysis is logical and uses economic thinking
In your paper/presentation make use of economics vocabulary and economics tools from this course. You likely will draw on information from supply and demand as well as other sections of the course. You can also include analysis from outside resources, but the focus should be on positive analysis. You likely will want to include data and/or graphs. Use at least 3-5 credible resources for your research and cite them. You can use any of the standard citation methods. Some resources may be directly about the event while others may be background information or theoretical ideas important to your paper.
1000 – 1500 word = approx. four to six pages double spaced 12point font with 1” borders (no penalty for longer papers)
Tables, charts, data, images, and citations are not part of the word count.
Cite 3-5 credible sources using a standard citation method. I don’t mind which citation method you use as long as you are consistent.
Grade will be primarily about the content of your paper and the degree to which you utilize microeconomic ideas in your paper.
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