Pick a recent (within past two months) news article from a major newspaper that

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Pick a recent (within past two months) news article from a major newspaper that contains content that you can analyze using the microeconomic concepts and tools you’ve learned in class. Note: It will be best for you to pick an article that doesn’t already contain analysis Every term, I get papers based on analysis-heavy news articles. The students tend to just quote analysis from the article (or closely paraphrase) with no original thinking done by the student. Those papers tend not to get a lot of points. I want you to do your own analysis! You will get credit for YOUR analysis.
In the first short paragraph you might outline the main points from the article that you are planning to analyze. You should identify the key microeconomic (not macro) issue(s) discussed in the article. If the article addresses more than one issue, choose one to focus on for this assignment. State the issue or question you plan to analyze.
Using the tools (including graphs) and terminology learned in this microeconomics course explain the economics “behind” the article. Most news articles rarely, if ever, mention the terms or models we discuss in class even though economics is often very relevant to the article’s subject matter. The article simply describes something that is happening in the world. This is your opportunity to “think like an economist” to show how economic analysis can inform our understanding of the issue discussed in the article. If you can identify and discuss even one or two economic elements in a news story, then you may understand far more about the issue than most other readers, who only read the words as they are written on the page.
The body of your analysis should contain…MICROECONOMIC ANALYSIS. Analyze the issue you identified using one or more of the models you learned about in this course. It should be your OWN analysis, not that of the article writer or other source. There should be models of supply and demand for markets, or PPF curves, or firm supply and demand or cost curves, or indifference curves, or any of the other models from THIS course. If there are no models like that, there is a good chance you are not following these directions carefully. Microeconomics focuses on decisions of individuals, firms, and shows how those are aggregated to markets. This class does not cover economy-wide topics (that’s typically macroeconomic domain). Make sure you are analyzing a microeconomic issue.
Incorporate specific information from the article in your paper, but be careful to avoid simply summarizing the article. I am particularly interested in seeing that you can apply the tools of this course to what you read in the news, so analysis of the article you choose is crucial.
The length of the analysis should be between about 300-600 words (roughly 2-3 pages)–diagrams and graphs do not count, though should be used to help illustrate your analysis, where appropriate. The analysis should be typewritten, double-spaced with standard fonts and margins, although you can neatly hand draw any graphs that you might need for your analysis. You must submit a copy of your news article along with your analysis.
Carefully proofread for spelling and grammatical errors. Consider the audience to be your classmates. Your paragraphs should be well-written. Make your paper hang together well as a free-standing piece of writing. A reader should be able to read and understand your analysis without referring back to the article itself.
Your points for the assignment will be determined by both the quality of the analysis and the effectiveness with which you communicate your ideas. Be sure to read the attached rubric for how points will be assigned. (Click on three vertical dots at top to see rubric)
This assignment should be fun for you. It is an opportunity for you to use the material you have learned thus far in the course to discuss and evaluate important microeconomic issues and policies affecting our lives. This is an ideal opportunity to demonstrate to me in writing your ability to use the skills you are learning.

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