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Mar 23

Economics: Price theory – use Browning and Zupan for reference

The main idea of the assignment is to find a contemporary article in the business press and show that it is an example of a topic that we covered in class (it can be from the web, a newspaper, a business magazine or journal, etc.) The article should not be about the topic itself. For example, you could use an article about the government’s antitrust case against a corporation, but you could not use an article about the concept of monopolies in general, since you can read about that in Browning and Zupan anyway. More specific instructions are below.

1. I1- I want the article you use to be relatively recent, so the article you use should be dated June 2015 or after. Be sure to acquire a printed copy of the article and turn it in with your paper. Make sure it includes the date and the source that it came from.

2. I2- In your paper, make sure you answer these questions:

a. What is the article about? (Summarize it for me.)

b. What topic in price theory is applicable to the article?

c. What did I say about this topic in class that relates to the article?

(It doesn’t have to be an exact quote.)

Alternatively, what did Browning and Zupan say about it? (Include page numbers if citing the text.)

d. Does price theory provide insight into the situation? If so, how? If not, why not?

3. I3- I don’t like to assign a specific length for the paper. I am expecting it to be 3-4 pages.

This is a writing assignment, so writing counts. Other criteria include your ability to integrate what was taught in the classroom with a real-world situation, and, to a lesser extent, your originality in choosing the article and application of price theory. USE MICROECONOMICS: THEORY AND APPLICATIONS



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