Essay

The objective of the assignment is to demonstrate the application of microeconomic theory as presented in Arnold 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.  The selected topic must be one that relates to microeconomics; that is, any of the subjects listed in the Arnold table of contents under microeconomics, for example, market failure. Macroeconomic topics and analysis are not acceptable for a micro class.  The paper should not be long. Provide enough information and detail on your chosen topic to serve as the basis for economic analysis. The topic must be relatively current; an analysis of some past event is not acceptable.  Show how the theory you’ve learned from the course and presented in Arnold applies to or explains the current situation. The analysis need not be complex, but must include a written explanation and a graphical analysis similar to those used throughout Arnold. Basically, you are just selecting the appropriate tools from Arnold and showing how they apply to a specific situation.  Write a short conclusion. This might include some predictions for the future. The paper should include the following:  Title page  Insert page numbers. A Running Head is fine but not necessary.  Abstract – not required but OK if desired  Table of Contents – not required  Section Headings – strongly encouraged  Citations – cite all references in the body of the text and in the Reference list.  Plagiarism – Do not copy text from another author or Web source unless it is quoted.  Appendices – Not necessary but may be appropriate for raw data. Resources on APA Style