ECON 120 Northern Virginia Community College Balancing Of Supply And Demand Paper The final Paper is about to take the material discussed in the course and

ECON 120 Northern Virginia Community College Balancing Of Supply And Demand Paper The final Paper is about to take the material discussed in the course and apply it to some issue or observation in your own life.

3 Topics to choose from:

THE GAME THEORY, THE BALANCING OF SUPPLY AND DEMAND, THE ECONOMICS OF LABOR

APA STYLE PAPER

8 page essay.

Please see attached docx file for more information!!!!

Book used in this course: Modern Principles of Economnics, 3rd Edition (New York: Worth Publishers, 2013), Tyler Cowen and Alex Tabarrock. ECON 120 MICROECONOMICS FINAL PAPER
The paper is to be a properly formatted (APA) paper.
I expect a thorough paper will take at least 8 pages.
You should reference at least one professional journal article for this paper
It is to take the material discussed in the course and apply it to some issue or observation in your own life.
3 topics to choose from: GAME THEORY
The balancing of supply and demand
The Economics of Labor
1.
2.
The basic flow should be:
Explain the issue, problem or observation
a. Why is this something that needs analyzed
b. What is the question that needs answered
Analyze the problem using the economic way of thinking – possible approaches include
a. Cost-benefit analysis
b. Externalities and unintended consequences analysis
c. Asymmetric and information problems
d. Perverse incentives
e. Bootleggers and Baptists
NOTE: You are not expected to use all of these analytical tools – pick one that best helps you answer
the question
3.
Conclusion
a.
b.
What does the analysis tell you?
Use your own judgment and analysis to develop a solution or theory
Ideas can come from church, school, home, personal life and such. Try to avoid big national issues, that is not
the focus of this class and we are looking to apply these ideas, theories and concepts in everyday life.

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