Reference no: EM131447344
Select a news article on an economic topic from the Wall Street Journal, the New York Times or the Economist dated within the previous two months and analyze the issue using the economic concepts and theory learned in this class. Possible concepts include:
taxes, consumer or producer surplus, and welfare
demand, supply, and equilibrium price of a particular product or products
total benefit and cost curves
production function and isocost curves
long-run and short-run costs
indifference curves, indifference curves and budget line
price elasticities of supply and demand, or income elasticity, on a particular product or products
perfect competition and imperfect competition, such as monopolies
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Discuss the philips vs eyre approach
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