Select a SINGLE news article on an economic topic from the Wall Street Journal, the New York Times or the Economist dated within the previous two

Select a SINGLE 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.

This is NOT a research paper but rather an analysis of a media article. There should be only a single reference.

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
• another topic selected by the professor

Your case should follow these guidelines:

• Include at least one graph developed in our course.
• A narrative which centers on 3 pages in length not including appendices
• Have a title page and bibliography
• Word processed using double spacing and a 12 point font

The purpose of the data exercises is to ensure that you are familiar with the methodology of collecting economic/financial data from the Web and analyzing it.These exercises include collecting the required data, creating a graph or table to present this information, and no more than three double-spaced pages of analysis of the data. Part of the purpose of the assignment is to teach you to write and present information concisely and to the point. Imagine that you are giving this to your boss or an important client and they will be able to devote only 7 minutes to reading your paper. What and how do you wish to communicate with them? Think about this question before you begin to write.

The point of view that you should take in addressing each topic is that your audience (see above) is ignorant of what this data represents and how it is measured. Your task is to explain what the concept is what it intends to measure, how it is measured and to what uses the data can be utilized. For example the unemployment rate is a statistic in very common use and it is intended to measure the percentage of labor force (which itself is a very specific metric) is currently not working and is actively searching for work. Uses of this statistic are to find ways and means to reduce it, to allocate unemployment insurance, to gauge inflationary pressure, etc.