Category: Microeconomics

Overview

The government intervenes to correct market inefficiencies and inequalities through policies such as price floors and price ceilings, as well as taxes and subsidies. In this short paper, you will choose a government policy intervention and describe how it affects market equilibrium.

Directions

Research a current news article about a government policy enacted in the United States that impacts both supply and demand for a specific product or service. Using the template provided in the What to Submit section, write a short paper demonstrating what you have learned about government policy interventions.

Specifically, you must address the following rubric criteria:

1. Introduction: Briefly introduce the chosen government policy intervention and describe the intended effects on the market.
2. Policy Analysis: Analyze how the policy affects the equilibrium price and quantity in the market for a specific product or service.

• What are the changes in consumer surplus, producer surplus, and total surplus? Provide specific examples to illustrate.
• What is the overall impact on the market? Provide specific examples to illustrate.

1. Policy Evaluation: Evaluate the effectiveness of the policy.

• Does the policy achieve its intended objectives?
• What actions can the government pursue to be more effective? Provide specific examples to illustrate.

Support your claims with examples from the news article or from the textbook cited in APA format.

What to Submit

Using the , create your short paper and submit it for grading. Sources should be cited according to APA style.

In a minimum of 250 words, informally written and in first person (use I), share some key facts you learned about FDRs Four Freedoms speech and/or the New Deal programs you chose. Perhaps you simply relay some important information that you discovered, or perhaps you offer some personal thoughts and opinions. Want some more prompts to get you thinking? What made you choose the two New Deal programs that you did, what do you think these programs have meant to Americans, or what do they mean to you? 1. Visit the website Hows Life? 2024 from the OECD. Scroll down to Country Notes and select United States (in U-Z) and download the available PDF (should be a 6-page report). Select at least one more country and download the available PDF. Read through the summary information for the categories included in well-being index. 2. Compose a written response to the given prompt containing a minimum of 150 words. You should consider these questions 1. How does using this kind of data compare to using GDP in terms of the usefulness for comparing countries progress/well-being? 2. What surprises you about the rankings and comparisons regarding the U.S. and the other country you chose? 3. Are there other categories that should be incorporated into a more complete well-being index? 4. Of the categories included in the index, which do you find most important when making a comparison across countries regarding well-being? PART 2 The purpose of this assignment is two-fold: 1. Investigate macroeconomic concepts at a state level (such as unemployment, labor force participation, inflation, growth, etc.). 2. Use generative AI in a responsible way to assist your research and analysis. TASK 1. Select your state — For students with last names beginning with A-M, you may select any state (other than Georgia) that starts with a letter A-M. For students with last names beginning with N-Z, you may select any state that starts with a letter N-W. STATE CHOSEN IS: HAWAII 2. Select your choice of a Generative-AI platform (ChatGPT, Microsoft Copilot, etc.). 3. Ask the platform at least one question about the current state of your states economy. ***Note: you will need to save the AI-generated response to your question and upload to this discussion assignment. 4. For your initial post, please complete the following: 1. Summarize the information generated by the AI platform. 2. Provide a critique on what the AI report provided based on things learned in this course and/or reputable sources such as the Bureau of Labor Statistics, FRED: Economic Data by the St. Louis Fed, or other reliable sites. There are lots of options here. A few are: 1. agree/disagree with the AI-generated information, 2. compare the AI report of current economic conditions to historical trends for that state, or 3. compare the statistics for their state against your selected state. Be sure to cite all sources used in your responses. 5. attach your generative AI report to your discussion!

News Analysis

There are five News Analyses on assigned topics due this semester. For each News Analysis, you will select a recent news article published within the last three months from a reputable English-language news source (e.g., The New York Times, The Wall Street Journal, The Washington Post, The Economist, etc.). The article must relate to our current in-class discussion of economic concepts.

You will write a one-page, single-spaced report (approximately 500-600 words) that includes:

• a brief summary of the article,
• a discussion connecting the article to specific economic concepts covered in class, and
• your personal insights on the issue (implications, trade-offs, and/or possible outcomes).

A few students will be selected to present their analysis in class.

What counts as a reputable English-language news source?

A reputable news source is widely recognized for credibility and ethical journalism. These sources generally have:

• Strong editorial standards (fact-checking, corrections when needed),
• an established history and broad professional recognition,
• professional journalists and transparent reporting practices,
• and accountability through corrections/retractions when errors occur.

Economic News Analysis Assignment Instructions

1) Article Selection

Choose a news article published within the last three months.

The article must come from a reputable English-language news source.

The topic must connect clearly to our current in-class economic concepts.

2) Screenshot Requirement

To confirm the articles publication information and the exact source you used, you must submit an actual screenshot of the article you analyzed.

Your screenshot must clearly show:

• Article title
• News source/publication name
• Publication date
• URL (web address) (visible in the browser if possible)
• How to submit it: Include the screenshot as a separate file upload with your report, or place it on the first/last page of your document before converting to PDF. (A link alone is not sufficientan actual screenshot is required.)

3) Analysis Report Requirements

Length: One page, single-spaced (500-600 words)

Organization (required sections):

• Summary: Briefly summarize the main points and key economic issue(s).
• Connection to Class: Identify and apply specific economic concepts from class (be explicit).
• Personal Insight: Share your perspectiveimplications, trade-offs, and/or how the issue may develop.

4) Submission Guidelines

• Due date: See the course syllabus/course schedule.
• Format: Submit as PDF or Word through the designated submission link.
• Citations: Use APA format for the article and any additional references (in-text + reference list).
• Late submissions: Not accepted.

5) Evaluation Criteria

• Relevance: Appropriate article choice tied to course concepts and assigned topic.
• Clarity & Organization: Clear structure, readable writing, minimal errors.
• Depth of Analysis: Accurate, specific application of economic concepts (not just description).
• Insightfulness: Thoughtful personal perspective supported by reasoning.
• Compliance: Meets length, APA, recency, and screenshot requirements.

Important Notice

Points will be deducted for:

• articles older than three months,
• missing/incorrect APA citations,
• weak or unclear connection to course concepts,
• not following the assigned topic, and/or
• missing the required article screenshot.

Here is the link to the article of my choice:

I also need the reference page please.

Review the following articles: Briefly summarize the Dutch Tulip article. Using supply and demand, show graphically what happened in the market for Tulips prior to February 1637. Be sure to label your axis and indicate the initial equilibrium (P1, Q1) of November 12th and final equilibrium (P2, Q2) in February 1637. Using supply and demand, show graphically what happened in the market after February 1637. Be sure to label your axis and indicate the initial equilibrium(P1, Q1) in February 1637 and final equilibrium (P2, Q2) on May 1st. How did the crash of the tulip market affect the Dutch economy? What are the similarities to the real estate bubble that occurred in the US in 2008? Fully explain your answer. See the link below that summarizes the housing bubble in the US: Housing market collapse in 2008 What were the causes of the collapse of the housing market? Your file must be submitted online and be 2-3 pages in length. The document must be a word doc or a pdf. Your paper must satisfy APA formatting. If you are unfamiliar with APA formatting see the following link: Purdue Owl