During the course you are required to complete a formal writ

During the course, you are required to complete a formal written assignment highlighting published current economic events or issues and explain how they relate to theories learned in this course. The paper provides you an opportunity to realize, reflect, and explain the economics that exist all around us. The paper must include a graph used as an explanatory tool of the economic principle presented.

Early submissions of written assignments are always accepted, but use the links provided in the respective modules to submit your topic, draft, and final paper. Make use of the feedback you receive on your draft paper to improve your final paper before submitting it in Module 9.

Instructions for preparing this assignment are as follows:

Each paper is to be an analysis on the recent economic events or economic reports from the supplemental resources or references. The focus of this assignment is to relate and analyze current events to basic principles of microeconomics covered in this course. It is not acceptable to just regurgitate statistics. The paper should indicate that you have a clear understanding of theory learned in class and its application/operation in the \'outside world.\'

Option - IF you come upon an interesting subject relating to your work or any other non-economic publication that can be explained in light of the theories learned in this class, you may be able to substitute this as the basis article. Discuss the article and ideas with your instructor prior to embarking on this option.

Use standard file format (.doc or .docx) for all deliverables (topic, draft, and final paper). Standard margins apply. Papers should contain proper documentation of the article(s) or other references used. If direct quotes are used (not contained in the article), appropriate footnotes, endnotes, or parenthetical citations must accompany the quotes. Since a part of your paper will come from published sources, Internet references, etc., there should be sufficient evidence of where the information for your paper originated. Paper length should be a few pages - short enough to qualify as a commentary but long enough to adequately address the subject. Typically, six to eight double spaced pages are sufficient. Papers are graded on quality of content, not quantity. Standard APA style rules apply and clarity is important to your grade.

Refer to the Research Paper Rubric in Module 6 or Module 9 for grading criteria. The final assignment is only submitted once for credit. There is not an option for revising the final assignment and resubmitting for a higher grade.

SO I AM WRITING A RESEARCH PAPER. CAN SOMEBODY GIVE ME AN IDEA ON ECONOMIC CURRENT EVENTS THAT RELATES TO BASIC PRINCIPLES OF MICROECONOMICS?.

Solution

Most of the economic events relate to macroeconomics. But a good research paper can be done on the theory of Markets.

I can provide you 3 examples:

(1) Very recently, retailer Wal-Mart announced closure of 250 stores and workforce reduction by 16,000 employees. Wal-Mart is a monopolistically competitive firm, since in retail market there are numerous buyers & sellers each selling similar products. But Wal-Mart has a distinctiveness in the form of its brand identity, which slightly differentiates itself from other major and small retail stores.

Wal-Mart claims to have taken this measure to properly align its operations to its goals and objectives for future growth story. But the real reason, as always, is the bottom line. This is a cost cutting measure by Wal-Mart. In monopolistic competition, in the long run firms experience higher costs and long run economic profits become zero.

You can take up this story to establish the market structure of Wal-Mart, relate its growth and financial performance with its competitors, and identify the reason why Wal-Mart has decided to streamling its operation, by relating to the monopolistic competitive structure. You can also touch upon theory of costs here, by identifying the short-run and long-run costs for Wal-Mart (for example, technology growth and costs of restructuring are both long-run costs).

(2) Pollution is a negative externality. You can also write a paper on the recent pollution mitigation measures taken by US government and how they intend to control or reduce pollution (for example, Carbon Credit and Carbon Trading).

(3) Another possible research topic is Market Imperfection & Information Asymmetry. You can focus on the Medicare and healthcare sector in US, explaining how the medical insurance firms suffer from information asymmetry like adverse selection or moral hazard, and how the insurers are trying to mitigate these problems.

Note that all the 3 topics suggested relate to principles of microeconomics as you wanted. I have not mentioned any issue that makes you use macroeconomics concepts.