- The focus of this assignment is to relate and analyze a current event to basic principles of economics covered in this course. The paper should indicate that you have a clear understanding of theory learned in class and its application/operation in the ‘outside world.’
- It can be either a microeconomic or macroeconomic concept you are demonstrating in showing your knowledge. Price elasticity, supply and demand changes, monopolies or oligopolies, factor markets, GDP, wages, unemployment, monetary systems, value of money and business cycles are all possible areas for discussion.