GCC 1028 Perfect Competition Market Structures Term Paper

GCC 1028 Perfect Competition Market Structures Term Paper

Instructions/Descriptions

GCC 1028 Perfect Competition Market Structures Term Paper

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Students must prepare a three-to-four-page typewritten double-spaced paper on a current microeconomic topic that is pertinent to class material. This can be chosen from the textbook, newspapers, magazines, or current economics periodicals.

Students will be expected to analyze and evaluate the issue or topic and provide recommendations. Here are some sample topics:

Countries that do not believe in comparative advantage

How do people respond to economic incentives?

Stories of positive or negative externalities

What’s the best healthcare system in the world?

Examples of behavioral economics

Differences between monopolies, monopolistic competition, oligopolies, and the perfectly competitive market

Income inequality throughout the world

Economics Discussion

Supply and Demand

Think of a relevant example in your own life of how a change in the market (including information, preferences, technology, price of alternative goods, regulations, taxes, etc.) has shifted either the supply or demand of a good. How did this change affect the market equilibrium for that good or service? Explain. No need to include graph in your post

Next, find a relatively recent news article (within the past year) to support your finding (the news search feature in Google is helpful with this). If you cannot find an article specific to your example, you may find an article about another similar good or service. Summarize the article and its findings, then include the URL in your discussion post.

GCC 1028 Perfect Competition Market Structures Term Paper

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