Students will submit paper applying the fundamental principles of
economics to an original and interesting observation from the real world.
The paper should use economic reasoning to explain the observed behavior or phenomenon in terms that can be understood by a person with no training in economics. Identify a real even or phenomena where marginal analysis provides a useful tool for understanding the process/outcome. Once you have found a subject you can add a direct evaluation of costs and benefits to this essay.
The first paragraph will have an into with thesis statement saying you will apply marginal analysis to a specific case.
The second paragraph will include your description of marginal analysis.
The third paragraph will use application of marginal analysis to cited source you use. and the forth paragraph will be the conclusion. You will need citations for both the case (article of the real event or phenomenon) and the description of marginal analysis. Make sure you relate your subject to macro economics.
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