Apply your economics knowledge to explain and interpret a recently published economics article.

You will research and select one article published within the past year that discusses an economics issue from the list provided below and explain the economics of the article. The article may be obtained from The Economist, Wall Street Journal, Business week, Times, Fortune, etc.

Objectives

• Identify key economic issues in real world scenarios affecting individuals, households and firms.
• Apply the appropriate economic concepts and principles to understand, explain and interpret the decisions made and actions taken by the main economic agents.
• Evaluate and reflect on the implications of changes in economic conditions on the behavior and decisions of households and firms.

Major Topics Covered in Chapters 1-11:

• Supply, demand and equilibrium market price
• Elasticity
• Price controls and market efficiency
• Consumer behaviour
• Production in the short and long run periods
• Competitive markets
• Monopoly, cartels and price discrimination
• Imperfect competition and strategic behaviour
• Price controls by government
• another topic related to microeconomics

IMPORTANT NOTE

Avoid topics related to macroeconomics. These topics include unemployment, inflation, trade policy, national income/GDP, income inequality, poverty, etc.

1. Good microeconomic topics often focus on decisions of firms (production costs, market supply and demand, competition, etc.) and decisions of individuals (opportunity costs, demand for products, consumer behaviour, etc.