Current Events: Economics project
Find a newspaper or magazine article (you may also use internet sources) to find an article that relates to economics. Some suggestions of publications to select an article are Wall Street Journal, The Economist, New York Times, Washington Post, Miami Herald, Financial Times, The Atlantic, Forbes, Bloomberg Businessweek Fortune, Entrepreneur.
You will attach your article and then complete the instructions below.
- Article Source – 20 pts.
a. Using the MLA style of citation, where did you get the article?
b. An article must be scanned (if coming from physical newspaper or magazine. If you are using an internet article, you must still include the article. You will lose points if you simply include a link. - WHO, WHAT, WHERE, WHEN/Analysis/Connection to Economics – 60 pts.
a. In YOUR words, briefly summarize the content of the article using who, what, where, when, and then explain WHY it connects to economics. For this part, you must use at least 5 of the buzzwords listed below. Buzzwords should be IN BOLD.
b. Eight (8) sentence minimum. - WHY, HOW/ Impact – 20 pts.
a. Why is this event of significance? (Why should you or I care?)
b. How does this affect me? Could this event be part of a larger issue? Explain how it fits.
c. Is this article biased? Explain.
d. Four (4) sentence minimum.
Write your paper in paragraph form using good sentence structure with proper spelling, grammar, and punctuation. Write the paper in your own words. If you need to use a short quote, cite properly. The paper should be one page in length, double spaced with one-inch margins and in 12-point font. This is not a critique of whether the article is good or bad.
This assignment is to connect your article to economics. Below are the buzzwords:
Scarcity
Choice
Decisions by government
Decisions by households/individuals
Decisions by businesses
Microeconomics
Macroeconomics
Tradeoffs
Opportunity cost
Laissez-faire
Land
Labor
Capital
Enterprise
Consumer goods
Capital goods
Services
Production possibilities frontier
Planned economy
Free market economy
Mixed economy
Speccialztion
Efficiency
Trade
Marxism
Comparative advantage
Absolute advantage
Per unit opportunity cost
Supply
Demand
Equilibrium
Substitutes
Complements
Shortage
Surplus