The objective of the assignment is to demonstrate the application of microeconomic theory as presented in Arnold to a current topic. It is the application of the theory that is important
Topic must be one that relates to microeconomics
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 must include a graph used as an explanatory tool of the economic principle presented.
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.
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