Your final assignment will consist of three parts:
1. Essay with the following requirements –
a) a summary of the article
b) a discussion of the microeconomics associated with the article using economic terminology
c) two or more original graphs of the microeconomics discussed (no bar graphs, no macro).
The two graphs must model different markets or different scenarios in the same market. Do
NOT draw the market before and after a shock. For example, if demand increases your first
graph cannot be the market before the shift. The first graph should show the demand shift
and the second graph should be something different.
d) a prediction of what comes next according to economic theory or a welfare analysis using
consumer and producer surplus; both with economic explanation.
• The prediction should say something like this… Based on my analysis, I think _____
will happen because economic theory tells us ______. In the second blank you
should explain the economics behind your prediction. Make sure your prediction is
explained by economic theory in your essay.
• The welfare analysis must include a third graph showing changes consumer and
producer surplus. This graph does not count as one of the graphs above. If you
choose to do this option, you will have three graphs.
2. A working link to the article on the internet with no pay wall. If the link doesn’t work for the
grader on the first attempt, you will not get credit for this part. It may be wise to copy the actual
article to your Google drive to make sure the link will work.
3. Citation of sources used. Use APA or MLA format. Either is fine. The citation may be on a
separate page or placed at the end of the essay
