Students must prepare a three to four page typewritten double-spaced paper on a current macroeconomic topic that is pertinent to class material. This can be chosen from the textbook, newspapers, magazines, or current economics periodicals.
Students will be expected to analyze and evaluate the issue or topic and provide recommendations. Here are some sample topics:
Countries that do not believe in comparative advantage
How do people respond to economic incentives?
Stories of positive or negative externalities
What’s the best healthcare system in the world?
Examples of behavioral economics
Differences between monopolies, monopolistic competition, oligopolies, and the perfectly competitive market
Income inequality throughout the world
Length – 3 to 4 pages in length, double-spaced, with 1 inch margins. Any paper that deviates from these requirements will be penalized (this does not include the title page and the table of contents). Arial or New Times Roman (12 pt) will be the only acceptable fonts. Use headings within the report when appropriate. A table of contents page is necessary. Plan the paper carefully so as to develop an organized and non-redundant report. It should be organized and assembled as a continuous report and should not appear to be several independent segments bound together. You must have a minimum of five sources. Please cite your sources using MLA or APA Format (the Writing Center can offer assistance if you do not know how to do this). Some other helpful sites include – http://owl.english.purdue.edu/owl/resource/560/01/ (Links to an external site.)Links to an external site., http://owl.english.purdue.edu/owl/resource/557/01/ (Links to an external site.)Links to an external site., http://www.cuyamaca.edu/tpagaard/EnglDept/Resources.htm (Links to an external site.)Links to an external site.
Although the definitions of monopolies, monopolistic competitions, oligopolies and competitive markets may have a blurry line defining these corporate instances, these platforms have distinctive differences in their meaning and functionality. As such, this paper is an analytical piece differentiating monopolies, monopolistic competition, oligopolies and competitive markets as they are incorporate organizations.
A monopoly can be defined as an exclusive control and possession of a certain supply of a service or a commodity. In a layman’s expression, a monopoly is a state where a business enterprise is the only provider of a certain good or service where the user depends on them for provision due to lack of another competitor in the market segment.