MACROECONOMICS/Current Affairs Writing Assignment

TERM PAPER – Supply and Demand Current Affairs Writing Assignment You are required to complete a formal write-up of one current affair, regarding supply or demand of a chosen good or service during coronavirus. Total write-up should be at least 3 type written pages (12 point font, APA Style- including in-text citation and a reference page) and include a supply and demand diagram showing how the events that happened affected the equilibrium price and quantity in for your selected good or a service. Your submission is made out of three parts. In the first part, you should indicate the title of the articles that you have read on the subject (must be from one of the sources below), authors’ names, names of the publication (if it is an internet site, provide the URL), dates of publications. In the first part of the term paper, you need to provide a summary of your three or more selected news articles. In the second part of the term paper, provide a critique of the article, discuss the economic implications of the issue(s), relate to concepts, specifically supply and demand learned in class. You should include your personal opinion on why it is important to focus on this issue, how it connects to the topics covered in the course, and discuss if relevant any recommendations or solutions that you would recommend. In the third part of the term paper, provide a supply and demand diagram. Correctly indicate the names of each axis and curves. Mark the initial equilibrium. Then draw a second diagram that shows how the events you discussed shifted either supply or demand or both curves. Indicate the new equilibrium point. Discuss how new equilibrium point compares to the initial (old) equlibrium. Explain how the equilibrium price and quantity changed due to the event you are discussing. DUE: 03/21/2021 Legitimate Internet News Sources The following websites are some of the acceptable Internet sources for finding articles current events:

News Agency Website URL

The Associated Press Online https://www.ap.org/en-us/

BBC News Online https://www.bbc.co.uk

CNN.com https://www.cnn.com/

ABC News Online https://abcnews.go.com

CBS News https://www.cbsnews.com/

Online Reuters.com https://www.reuters.com/

World News.com https://wn.com/

MSNBC https://www.msnbc.com/

NBC News https://www.nbcnews.com/

USA Today.com https://www.usatoday.com/news/

Times Magazine Online http://www.time.com/

The New York Time https://www.nytimes.com/

Fox News.com https://www.foxnews.com/

Wall Street Journal https://www.wsj.com/

Point deductions:

- up to 50 points if articles do not relate to economcis - up to 20 points if the articles do not relate to supply and demand in any way - up to 20 points if article is not a news article but a commentary, blog or discussion post

(you need to find a news article, not a blog)

- up to 20 points for unporfessional formatting of the paper - up to 10 points if the links to the news articles is not provided - up to 20 points if there are multiple grammar mistakes and language issues - up to 50 points if submitted past the deadline