Current Events Paper
The Current Events must be based on the economic topics can be about the following topics below.
The focus of the current event is Factor Markets: Derived Demand for Labor, Marginal Cost for Labor.
Your Current Event should include five (5) terms from the module glossaries. Terms should be used accurately within the text of your paper. To receive full points, terms must be highlighted, used appropriately within the narrative, and not provided in a list of terms simply to get them in the paper.
The Current Event should follow an APA format and include the following headings:
· Introduction
o Introduce the article name and economic topic. (2–4 sentences)
· Summary of Article
o Summarize the article. Include APA in text citations. (2 paragraphs)
· Discussion
o What do you think? Give your opinion about how you believe this topic will affect you or the economy. (2 paragraphs)
· Graphical Analysis (Image and 1 paragraph)
o Must include an approved economic model having the correct labels.
o When applicable, the model must show the change implied by the article summary.
o (Note: trend lines or graphs from the internet will not meet the requirement for this part of the paper)
o Give a clear concise and accurate description of the change that occurs on the model. Discuss the concepts that define the model if a change is not applicable.
· Consequences
o Discuss the consequences that might occur that are in opposition to the authors ideas or to your interpretation. What factors might cause a different outcome? Are there groups of people who might be hurt or helped not indicated in your previous discussion? (1 paragraph)
Recommended length: 1-2 pages.
Each current event MUST cover the correct material and be submitted to the correct link for grading. These act as your ‘tests’ over the material. Each Current Event must include a model discussed in class.
Do NOT use trend lines from articles or the Internet. They will not count toward the model and analysis section.
Internet search tips: The following tips may help you in your search for relevant news events. In addition, see the chart below for more specific tips for finding specific topic news events.
· Go to the home page of reputable news sources. These could include the New York Times, The Economist, The LA Times, USA Today, The Week, The Washington Post, Forbes Magazine, Wall Street Journal, Huffington Post, and BBC News.
· Look at the headlines. Do any of them apply to one of the concepts discussed in class? For instance, a headline about California drought could relate to the supply of wine if the drought is in an area where grapes are grown.
· Seek information about a specific topic. Type in your topic and select “NEWS†below the search bar to narrow your search. For instance: Type in the topic “economic growthâ€, then select NEWS. You will get the latest headlines about GDP and/or economic growth.
· Suggestions for key search terms are provided in the table below.