Economics

Article Worksheet - 101 - F14.doc

Economics 101 Name: ________________________________

Principles of Microeconomics Article Title/Date: ________________________________

Article Analysis Worksheet Due Date (Circle One): Oct 23 Dec 4 Chapter: ______

Instructions: For the Wall Street Journal article you selected, complete and upload this worksheet to the Student Article Worksheets subfolder under the Resources tab in Sakai. BE SURE to turn in a paper copy IN CLASS on or before the due date. Write legibly. DO NOT add space to this document.

1. (4 points) Provide a single sentence summary of the article’s main idea and list the main assumptions of the economic analysis provided in the article.

2. (10 points) Diagram: In the space provided below, draw and label a theoretical diagram describing the economic problem presented in the article you selected. Label ALL axes, curves, and relevant intersections. Alternatively, if appropriate for your article, write an equation and make an economic calculation (elasticity, Herfindahl/Hirschman Index, etc.).

3. (4 points) What evidence is presented to support/challenge the assumptions you listed in problem 1 above? Briefly describe these data here.

4. (3 points) What key terms or economic ideas from the textbook readings and lectures are used to support the author’s position?

5. (4 points) What important economic concepts are omitted from the article? How might the inclusion of these concepts have changed the analysis?