Macroeconomics

1. Select one main article The article can be from an academic journal/ research institute/ newspaper/ web article Related to a microeconomic issue (topics 1-6 in the course: What is economics, Demand and supply analysis, elasticity, economic efficiency, market failure, microeconomics) Published recently (after 2016) 2. Select supporting articles Read through some different sources to support your analysis. These articles will provide you with more evidence about the topic to support your arguments. 3. Identfy the key issue in your main article Explain these key issues in your introduction 4. Outline the theory relevant to your main article These are concepts such as supply and demand, pricing, elasticity, markets which help to understand your main article You might refer to the recommended textbook, course notes, or other sources to understand these thoroughly Please stick to the concepts raised in the class: (aim for an excellent explanation of these central concepts) 5. Apply your theoretical knowledge to your main article Use diagrams and/ or primary data You might refer to additional sources to gain insights about specific parts of the issue Diagrams can be placed in the body of your text, not in an appendix your choice to generate diagrams: as long as these are clear and properly labelled and captioned anything is fine Discuss what the theory suggests and how it is applicable in a real-life scenario You might find that the theory does not apply very well and then you can suggest reasons why You might also find that the theory describes the issue quite well and can explain why this is the case 6. Draw conclusions What does your analysis reveal? Comment on the issue, propose or critique policy, raise new questions and overall say something about what the analysis contributes to the bigger picture Check out `An inside look’ in the textbook for helpful examples      

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