In this course, you will study topics such as opportunity costs, supply and demand, consumer behavior, elasticity of demand, market structures, factor markets, wages, labor, unions, government and product market, anti-trust and regulations, international finance, and trade. As part of this course, you will demonstrate the application of microeconomics theory to a current topic, issue, or event and write a formal paper.Your paper will show how the theory you’ve learned from the course and presented in your textbook applies to or explains a current situation. The paper provides you with an opportunity to realize, reflect, and explain the economics that exists all around us.Your paper must include a graph used as an explanatory tool of the economic principles presented.An introduction that introduces the selected topic and discusses how the analysis was conducted.A literature review that provides a detailed summary of the economic circumstances and facts that serve as the foundation of the economic analysis.A narrative body that includes:An economic analysis that uses the tools developed in the course along with your graphical depiction of the economics applied to your topic. Provide an explanation of the graphical analysis. Don’t leave it to the reader to figure out your intention. The specific analysis will depend on your chosen topic.Statistics that support your topic and narrative.Conclusion and a brief summary.Use current APA formatting for your paper including these elements:Title pagePage numbersHeadingsSource citationsReference listAn abstract and table of contents are not required.It is critical that you integrate charts, tables, and graphs (cite sources) in your paper to show application of economic theory tied to the industry/sector of the economy being analyzed and from the results of research, there is no need to create a graph or table using proxy data.
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