Recent economic events or economic reports

During the course, you are required to complete a formal written assignment highlighting published current economic events or issues and explain how they relate to theories learned in this course. The paper provides you an opportunity to realize, reflect, and explain the economics that exist all around us. The paper must include a graph used as an explanatory tool of the economic principle presented. Please use the links provided in the respective modules to submit your topic and final paper. Instructions for preparing this assignment are as follows: Each paper is to be an analysis on the recent economic events or economic reports from the supplemental resources or references. The focus of this assignment is to relate and analyze current events to basic principles of microeconomics covered in this course. It is not acceptable to just regurgitate statistics. The paper should indicate that you have a clear understanding of theory learned in class and its application/operation in the "outside world." Use standard file format (.doc or .docx) for all deliverables (topic and final paper). Standard margins apply. Papers should contain proper documentation of the article(s) or other references used. If direct quotes are used (not contained in the article), appropriate footnotes, endnotes, or parenthetical citations must accompany the quotes. Since a part of your paper will come from published sources, Internet references, etc. there should be sufficient evidence of where the information for your paper originated. The reference for the article must contain the author, source of publication, date of publication (not the date retrieved from the web) and the web address. The paper should have, at a minimum, four pages of content. Any tables, graphs etc., should be placed in the appendix, not in the body of the paper. Explanations of graphs/tables should be included in the body of the paper. The paper must be Times New Roman size 12 font, with one inch margins. Standard APA style rules apply and clarity is important to your grade. The final assignment is only submitted once for credit. There is not an option for revising the final assignment and resubmitting for a higher grade. The objective of the assignment is to demonstrate the application of microeconomic theory as presented in your textbook to a current topic you have chosen. It is the application of the theory that is important; this is not just a research paper which describes a current situation with some economic features or a history paper about an economic event. The selected topic must be one that relates to microeconomics; that is, any of the subjects listed in the course syllabus, for example, and would include supply and demand, elasticity, cost of production, international trade (as examples). Macroeconomic topics and analysis are not acceptable for a microeconomics class. Provide enough information and detail on your chosen topic to serve as the basis for economic analysis. The topic must be current; references should be less than 6 months old. An analysis of some past event is not acceptable. As an example, consider the market for crude oil – if you chose articles from 2014 you will have a completely different paper (OPEC in control at $150 per barrel) than today (OPEC is/is not in control at $52 per barrel), so please be very careful to make sure your resources are current. Show how the theory you’ve learned from the course and presented in your text applies to or explains the current situation. The analysis must include a written explanation and a graphical analysis. The graph should be included in the appendix. Do not include any graphs or tables in the body of your paper. Write a short conclusion. This might include some predictions for the future.

The paper should include the following:
• Title page, including your name, the class (Econ 202), the topic or theory and the date.
• Section Headings – strongly encouraged
• Citations – cite all references in the body of the text and in the Reference list. All sources must have an author and a date of publication. The date of retrieval from the Internet is not the date of publication. Sources such as EconEdLink.com, Wikipedia, Investopedia, Dictionary.com, or any source ending in .com or pedia (again which does not have an author or date of publication) must not be used as a reference for this assignment.
• Plagiarism – Do not copy text from another author or Web source unless it is quoted; this includes any papers you may have written for another class and submitted through SafeAssign. It will show up as plagiarized.
• Appendices – use for any tables or graphs identified in the body of your paper
• Purdue OWL: General APA Guidelines (General format of APA research papers, in-text citations, and reference page). This is a wonderful resource – I highly recommend it. If you have questions, please ask.

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