Write a two to three (2-3) page paper in which you:
Clearly identify a relevant economic article. Find an article should be from a reliable resource, such as top newspapers, news channels, or research magazines. The article must deal comparative advantage and tradewith
You are to clearly identify at least two key points that the article highlights.
Next please apply some of the following economic concepts (supply and demand, market equilibrium, elasticity, price ceilings and floors, cost of taxation, comparative advantages, international trade and tariff, GDP, inflation) to the key points that you highlighted. You will need to explain the concepts clearly in your own words, then apply the theories to the case you are discussing.
Please state clearly whether you agree or disagree with the author’s comments. Provide a rationale for your response. You may use your own experience, other resources or data, to support your opinion.
Use at least three (3) quality resources in this assignment with one (1) being your article.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The paper will need to be original. It should not be mainly a restatement of the points and opinions of the article. You will need to show your own understanding of the economic concepts and their applications in the real world. You may have limited quotes from your resources, but most of the words should be your own.
Your paper will be graded using the following guidelines:
Formatting: including references, cover page, paragraph breaks, etc. 3%
Writing mechanics: structure, the flow, spelling, grammar: 12%
Relevant article and brief summary 15%
Key points of the article 25%
Application of economic concepts 30%
Your own opinion and arguments 15%