16 Jul ECON ESSAY
The assignment is to write a 1200-1500 word essay applying two economic concepts from the list below to an online news article. Convince us you have attended and read all applicable material. Clearly identify which 2 concepts you are analyzing, and also include a link to the article you are responding to.
Economic Concepts (Choose two):
- Good Institutions Align Self-Interest with the Social Interest
- Trade-offs
- Thinking on the Margin
- The power of trade
- The importance of institutions
- Opportunity Cost
- Comparative Advantage
- Specialization
- Supply & Demand
- Complementary Goods
- Substitute Goods
- Surplus & Shortages
- Price ceiling/floor
- Free rider
- Economies of scale
- Types of unemployment (frictional, structural, cyclical)
- Protectionism vs. free trade
- Tariffs and quotas
- Rational ignorance
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