economic-essay-
economic-essay-
You can choose ONE of these topics listed below to do your economic analysis.
Conspicuous Consumption in the Market for Smartphones: The laws of demand and supply suggest that the more something costs, the fewer people will purchase it. The exception to this is called a Veblen good. This is something purchased not just for its intrinsic value, but for the pride of owning something very expensive. This has relevance to the way most smartphones are marketed and sold.
Cartel Disruption of the Price of Oil: Where markets decide the price of a good, fluctuations in price follow a particular pattern. This is not seen in the market for oil and gas due to the presence of cartels, which artificially manipulate said prices. How this is achieved and the effects of it could be easily discussed.
Perfect Competition for Information-Why Newspapers are Dying off: As more people have begun to source their information online whenever they want, the era of newspapers as important news sources has waned. Part of this is because the same information can be had for little or no money from a multitude of sources at the same time creating perfect competitors. Details on how systems of perfect competition function can be referred to throughout.
Demand vs. Supply for Clean Energy- Why the world still runs on fossil fuels: It is popular for people to claim they want clean sources of energy but their actual demand points in other directions. This paper could go into how much people still seem enamored of oil, gas and coil based on their current spending patterns.
You must write the paper in APA format, and the word count must be 1500 words. Slightly above the limit is ok, but don’t make it super long, and do not make it less than 1500 words either. You must have a title page and a reference page, but these two pages are not counted towards the required 1500 words.
To support your arguments, you must include and cite two scholarly articles (peer-reviewed articles, government publications, books, etc.) as your primary sources in the paper. Use these sources to support your argument – not as your argument. Feel free to include as many secondary sources as you want, but do not forget to cite them.
You must submit a hard copy in the class, and online through Canvas, where it will be checked for plagiarism. Please make sure that you understand clearly what plagiarism is, so you do not make any such mistake that can cost you a zero on the term paper. I have posted a link for your ease to understand what exactly is plagiarism. It will be very helpful to go through it.
