Discuss and evaluate important microeconomic issues and policies affecting our lives.

1. Pick a recent (within past two months) news article from a major newspaper that contains content that you can analyze using the microeconomic concepts and tools you’ve learned in class. Note: It will be best for you to pick an article that doesn’t already contain analysis Every term, I get papers based on analysis-heavy news articles. The students tend to just quote analysis from the article (or closely paraphrase) with no original thinking done by the student. Those papers tend not to get a lot of points. I want you to do your own analysis! You will get credit for YOUR analysis.2. In the first short paragraph you might outline the main points from the article that you are planning to analyze. You should identify the key microeconomic issue(s) discussed in the article. Do not summarize the article. 3. Using the tools (including graphs) and terminology learned in this microeconomics course explain the economics “behind” the article. Most news articles rarely, if ever, mention the terms or models we discuss in class even though economics is often very relevant to the article’s subject matter. The article simply describes something that is happening in the world. This is your opportunity to “think like an economist” to show how economic analysis can inform our understanding of the issue discussed in the article. If you can identify and discuss even one or two economic elements in a news story, then you may understand far more about the issue than most other readers, who only read the words as they are written on the page.4. Incorporate specific information from the article in your paper, but be careful to avoid simply summarizing the article. I am particularly interested in seeing that you can apply the tools of the course to what you read in the news, so analysis of the article you choose is crucial.5. The length of the analysis should be between about 300-600 words (roughly 2-3 pages)–diagrams and graphs do not count, though should be used to help illustrate your analysis, where appropriate. A reader should be able to read and understand your analysis without referring back to the article itself.This assignment should be fun for you.Discuss and evaluate important microeconomic issues and policies affecting our lives. This is an ideal opportunity to demonstrate to me in writing your ability to use the skills you are learning.