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Description

You will use one
or more economic principle(s) to explain or expand upon some current event you
find in a newspaper or other objective news source.

(

Articles may not be dated earlier
than January 1, 2021.)

1. Essay with 4 sections
a) a summary of the article
b) a discussion of the microeconomics associated with the article using economic terminology
c) two or more original graphs of the microeconomics discussed (no bar graphs, no macro).
The two graphs must model different markets or different scenarios in the same market. Do
NOT draw the market before and after a shock. For example, if demand increases your first
graph cannot be the market before the shift. The first graph should show the demand shift
and the second graph should be something different.
d) a prediction of what comes next or a welfare analysis; both with economic explanation.
The prediction should say something like this… Based on my analysis, I think _____ will
happen because economic theory tells us ______. In the second blank you should explain
the economics behind your prediction. Make sure your prediction is explained by economic
theory in your essay.

2. Bibliography listing sources cited

The writing should be clear and grammatically correct. There is no minimum length for the
assignment, but the topic must be clearly explained, and the economic discussion must be thorough.
The essay should not be longer than three pages(no more 1000 words)

Use only news sources from reputable sources such as The Wall Street Journal, The New York
Times, The News and Observer or other local newspaper, Businessweek, Time, Newsweek, CNBC,
The Financial Times, BBC, NPR, The New Yorker, Foreign Affairs, Associated Press, Reuters,
Bloomberg News, USA Today, Forbes, Fortune and The Economist, of course

Check the attachment for greading criteria.

Advanced Econ in the News Assignment
Due Date: Monday, April 19 at 11:00pm
An important part of your experience in this course will be a short writing assignment which is
designed to strengthen your application of economic theory to everyday situations. You will use one
or more economic principle(s) discussed in class to explain or expand upon some current event you
find in a newspaper or other objective news source.
Your final assignment will consist of Three parts:
1. Essay with 4 sections
a) a summary of the article
b) a discussion of the microeconomics associated with the article using economic terminology
c) two or more original graphs of the microeconomics discussed (no bar graphs, no macro).
The two graphs must model different markets or different scenarios in the same market. Do
NOT draw the market before and after a shock. For example, if demand increases your first
graph cannot be the market before the shift. The first graph should show the demand shift
and the second graph should be something different.
d) a prediction of what comes next or a welfare analysis; both with economic explanation.
The prediction should say something like this… Based on my analysis, I think _____ will
happen because economic theory tells us ______. In the second blank you should explain
the economics behind your prediction. Make sure your prediction is explained by economic
theory in your essay.
2. PDF copy of the article (NOT a link!)
3. Bibliography listing sources cited
The writing should be clear and grammatically correct. There is no minimum length for the
assignment, but the topic must be clearly explained, and the economic discussion must be thorough.
The essay should not be longer than three pages.
Your audience for papers is your peers. You should assume your audience has not had a class in
economics; therefore, you should explain any economic terminology. You are not expected to do indepth research in support of your argument, although some application of relevant outside knowledge
and additional sources might help convince yourself and others that you are on the right track. It
makes no difference whether your topic is “important,” but you should make an effort to choose
something interesting.
Use only news sources from reputable sources such as The Wall Street Journal, The New York
Times, The News and Observer or other local newspaper, Businessweek, Time, Newsweek, CNBC,
The Financial Times, BBC, NPR, The New Yorker, Foreign Affairs, Associated Press, Reuters,
Bloomberg News, USA Today, Forbes, Fortune and The Economist, of course.
You have free access to these sources through the NCSU library.
Other news sources are acceptable but must be approved. Opinion pieces, letters to the editor, blogs
and editorials may not be used without prior approval from me. Articles may not be dated earlier
than January 1, 2021. The NCSU academic integrity policy applies to this assignment, as it does to
all others in this class. Do your own work.
Graphs must be original work and be similar to a model we discussed in class at some point
during this semester. Do not attempt a macroeconomic analysis.
The Econ in the News Assignment will be graded on the following criteria:
SOURCE
News articles only. If you are not sure
about your source, get it approved.
Make sure to cite the work and provide
a full copy of the article with your
essay.
Article is current (must be dated after
1/1/21)
Not an editorial (unless approved)
News from a reputable source listed on
instructions memo (or approved)
Cited correctly (If no, -5 pts)
Full Article provided (If no PDF, -5 pts)
GRAPHs
Is the graph neat? Labeled? Correct?
Rulers, graph paper and colors help
make the graph look good. Take time
on the graph.
Graphs are Neat (5pts)
Well-labeled (up to 5 pts)
Correct? (up to 10 pts)
Written Explanation (5 pts)
STYLE
Does the writer express thoughts in a
sequential order? Are thoughts
complete and well-explained?
Grammar, spelling, neatness and
timeliness will be graded.
On time (subtract 10 points a day after
5:00pm on the final due date)
Grammar, spelling (up to 5 points off)
Easy to read, thoughts in sequential
order (up to 10 points)
Econ!
Is the econ in the paper correct? Does
the student give examples to show she
understands the theories she is using?
Complete and concise summary
Correct explanation of Econ in article
Correct use of economic terminology
Included Prediction/Welfare
Prediction/Welfare assessment matched
economic theory
Essays will be graded using the spreadsheet pictured below. Basic EITN essays will be graded in blue boxes only.
Advanced EITN essays will receive points in the blue and red boxes.

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