Question ECON 103 Economics in the Information Age Short Paper #1: The Internet of Things

01 Jun Question ECON 103 Economics in the Information Age Short Paper #1: The Internet of Things

Posted at 01:11h in Essay Writing Services by Past Papers

Question

ECON 103 Economics in the Information Age

Short Paper #1: The Internet of Things

The objective of this short paper is to guide you in applying economic principles to the rapidly developing “Internet of Things.”

The reading for this paper is:

The Internet of Things (Chui, Loffler and Roberts, 2010)

After you read the article, write a short (800-1200 word) paper in which you:

1. Draw on “Everything Economics” and “Naked Economics” to define and describe monopolistic competition. In your explanation, describe the role of product differentiation and the effects – both good and bad – that it has on consumers.

2. Explain what the “internet of things” is.

3. Speculate on how the internet of things will affect market competition, product differentiation and consumers.

4. Give an example of an “internet thing” from your own life and explain whether and why it has made you better or worse off.

Your paper should:

· be a total of 800 to 1200 words,

· include a bibliography with at least two references, presented in APA style,

· have been spell-checked and grammar-checked using Word’s review utility.

Grading Rubric for Article Analysis

Item	Percent of total
Accuracy of summary	20%
Critical thinking using economic principles	40%
Applications to your life	20%
Effective writing	10%
Use of APA style in bibliography	10%

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