You have the freedom to choose any topic of your interest with condition that it must relate to the microeconomics concepts. You can equally choose any of the class textbook chapters as your research

For your Research Paper you can choose one of the topics below or any other topic of your interest with condition that it must relate to the course subject. Whatever topic you choose focus on one point and develop/analyze it. Do not attempt to answer the questions related to the broad aspect of your subject.

1. The role of Supply and Demand in fluctuating prices

   1. Focus on one commodity/product (e.g., oil, sugar, beef, electricity, or foreign currencies, etc.) and analyze its price increase/decrease year 2000.

2. Imperfect Competition -- Monopolies and Oligopolies

   1. Research on how different market structures affect supply and demand, prices, and the individual consumer

   2. Focus on two specific industries (e.g., utilities in monopoly, and airline industry in oligopoly) and analyze on how they affect individual consumers.

3. Price elasticity of demand

   1. Focus on Pricing Strategy and its relation to Demand Elasticity

4. Inflation

   1. What are the causes of inflation?

5. Opportunity cost and your economic decision making

6. Behavioral economics

   1. Analyze boom and bust in economy and its relation to Behavioral economics

7. Outsourcing in US economy

   1. Respond to the question of why US corporations outsource part of their activities.

8. What are the economic factors that contribute to the success of a small business?

   1. Focus on production cost and pricing strategy

9. Does free market exist?

10. Research on how internet is transforming physical markets to virtual markets