Project Description;economic concept

  1. Abstract (0.5 of a page) – the short description of the concepts, problems, questions discussed in the Term paper.
  2. Introduction (0.5 of a page) (optional)
  3. Literature Review (about 2 pages) – please compare and contrast the opinions of the authors of the articles, present the important information, data, statistics to support your conclusions. It is important that the Literature review is written in your own words with small quotes from the article. All quotes must have references in APA format.
  4. Discussion (about 2 pages) – Your task for this part of the Term paper is to analyze the issue described in the articles using the economic concepts and theory learned in this class. Refer to the course content materials and use specific economic vocabulary within your term paper. The articles you choose may not use these exact terms; therefore, it is incumbent upon you to convert the article language into economic language as is appropriate. Include at least one graph developed in our course.
  5. Conclusion (0.5 of a page)
    The Term paper should be the title page and sub-titles that correspond to the structure described above.
    Please note the Term paper should be written in your own words. You can use short quotes from the article(s) to support your statements. However the size of these quotes should be reduced to minimum. No more than 20% of the text of the term paper should be made up of quotes. (less is better!!!).
    Please also avoid copying the materials from any textbooks, including our textbook.
    Please be aware that Wikipedia, Investopedia, and other on-line dictionaries and encyclopedias are not verifiable sources of reliable information, and should not be used in the Term paper. Acceptable sources of the information are: research papers, newspaper articles, and books.
    Please note that this is the course of microeconomics, so you should choose the concepts related to microeconomics (not macroeconomics).
    Possible concepts include:
    • taxes and consumer or producer surplus
    • demand, supply, and equilibrium price of a particular product
    • elasticity on a particular product