Business & Finance HOMEWORK

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Instructions

How to complete the course paper : Due at the end of the course: March 3rd, 2025. 

 -- Choose a chapter that you found most interesting. Give a summary of the chapter. Apply the concept introduced in that chapter to a real-world event, current or historical.

Below are steps that might be taken in completing your course paper:

- You become interested in chapter X. 

- Focus on chapter X’s Key topics/idea/concepts.

- Organize your notes on the key topics sequentially. 

- Find current or past literature that demonstrates how the key topics are factual/real.  

- Offer concluding remarks that may be subjective but supported by economic reasoning.

- The essay should emphasize quality rather than quantity and should be at least  4 pages , not including bibliography nor the title page. 

 Here are some microeconomics topics you might consider:

· Concepts from Chapters 1 and 2: Why is the debate over drilling in the Arctic National Wildlife Refuge controversial?

· Concepts from Chapters 1–3: What led to the 1973 oil crisis, and how did the United States respond to it?

· Elasticity: How can firms strategically maximize total revenue by raising prices in some situations and lowering them in others?

· Production and Cost: What strategies can firms use to avoid diminishing marginal returns?

· Monopoly Market Structure: Should monopolies be regulated? Why or why not?

· Oligopoly Market Structure: Do oligopolies function as cartels? Do they primarily compete, or do they collude?

· Factor Markets: How has labor productivity in the U.S. changed over the past 20 years?

· Market Failure: Identify a real-world example of an externality (positive or negative). How was it addressed or internalized?

· International Trade: What does the slogan "America First" mean to you? Does it benefit or harm U.S. international trade?

 Once you have selected a topic, be sure to conduct a thorough Review of Literature on the subject:

· Introduction and objective must be specific.

· Follow APA guidelines:  http://www.apa style.org/learn/tutorials/basics-tutorial.aspx

· Analyze your topic with reference to the objective.

· Offer a summary and conclusion.

· References. Provide references.

You are welcome to send your topic and the objective of your paper to me as soon as possible so that I may provide additional guidance.