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Analysis of Events.  This first paper includes 3 questions which should be
submitted as a single Word file document or in rich text format.  Each
should be about 2 pages, with the total length between 6 - 7 pages
[Maximum].  No references are required as it is entirely based on your own
critical thinking and ability to apply what you have learned from the course
to date. [Please make sure that your choice of current events is not one
already covered in any of the Case Studies or Discussions!] For each essay,
write a meaningful thesis statement in the first paragraph for each question
to describe the main idea and purpose of the essay.  Then in each succeeding
paragraph, describe a separate microeconomic concept or theory which applies
to your chosen topic and explain its relevance.  In the final paragraph,
develop a meaningful conclusion which you can draw from the topic.  The best
papers will integrate the course material effectively with your choice of
events:

1.  Select any American microeconomic current event or market occurring this
quarter (and not covered by Discussions or any Case Study in the Modules) to
analyze.

2.  Select any foreign (non-American) current microeconomic event or market
to analyze in light of our course material.

only need to answer question 1 and 2 

4 pages total