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What have to be included in the explanation: – Definition of the concepts. – Why they are important. – Relationship to the news

June 26, 2021
Christopher R. Teeple

Objective: The purpose of this project is to (1) encourage you to see economics at work all around you in your daily life, and (2) sharpen your analytical skills in applying economic theory to real-world events. Task: Read The Gulf News, The National, or popular NEWSPAPERS from other countries, listen to the radio, watch TV, scan the internet and look for news events where you can see the principles and concepts we study in class playing out in business. Collect these articles or news events, and for each one explain how it is possible to see economic forces at work in the story. I am NOT looking for academic articles that explain economics. I am looking for articles that do not even mention economics, but that you can recognize the economics in the article because of what you have learned in the course. These articles must be published after june 7, 2021. You may not use articles that we have discussed in class. Grading: Each student is required to explain a certain number of concepts to be considered for a grade (5 different concepts from the list on the next page). After reaching the minimum number of concepts, the project will be graded for content, grammar, and spelling, neat and professional presentation, timeliness in turning it in. It must be submitted through SafeAssign. You do not have a “number of articles” requirement; you have a “number of concepts explained” requirement. There is a list of possible concepts on the reverse side. VERY IMPORTANT: To be considered for an A grade, each student must explain 5 concepts. Some concepts might be included in the same piece of news, no need to find 5 different news if it its not necessary. What have to be included in the explanation: – Definition of the concepts. – Why they are important. – Relationship to the news. – Short summary of the news. – Include a list of references used. ( I have attached the rubric and concepts to choose from along with the instructions.) Please keep in mind I am aiming for the highest grade possible. I am a second language speaker. Therefore, please avoid using difficult language.

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