Economics 1902 Term Paper Instructions

Economics 1902 Term Paper Instructions

Learning Outcomes:

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BSBA & BBA Core: LO 1 – Students will demonstrate acceptable written communication skills.

BA Economics/Finance: L) 6 – Support critical analyses of issues in economics and finance both orally and in writing.

Important Dates

September 28 Submit your Topic. Must include your chosen market, your chosen firm, and the rationale (why) for making these choices.

October 19 Submit your detailed paper outline. o November 16 Submit your term paper.

Note: Missing the September 12 deadline results in an automatic –10 points from your final paper grade. Missing the October 19 deadline results in an automatic –10 points from your final paper grade. Missing the November 16 deadline results in an automatic –20 points from your final paper grade.

OUTLINE GUIDELINE HERE

https://owl.purdue.edu/owl/general_writing/the_writing_process/developing_ an_outline/types_of_outlines.html

Project description and Instruction (25% of Course Grade): This project is weighted as 25% of your final course grade. The objectives of this assignment are to (1) gain practice in applying microeconomic theory in real-world scenarios, and (2) to become familiar with sources of economic market information. In this project, you will describe your chosen market to anyone who is interested in this market or wants to know about an application of the supply and demand model. You are expected to highlight the demand side of the market, the supply side of the market, government involvement, and the current events affecting your market. Specifically, please include the following information in your project.

1. Identify your chosen market and specific firm by name
   1. Hints: Example: cellphone market – AT&T
2. Demand side of the market including:
   1. Describe the customer in this market (households, business, schools, governments, etc.
   2. Sources: Major company’s website and/or annual reports. Example: Apple Inc.

• The major determinates of the demand for the major product. Explain your choice of variables.

1. Hints: Use the variables presented in the text and weeks, such as income, price of related goods.
2. Is the demand of the major product in this market elastic or inelastic? Use the determinates of demand elasticity to answer this question.
3. Hints: Recall the determinants of elasticity and describe those factors for the primary product, including availability of substitutes, time period of adjustment, expenditure share, and product durability.

3. Supply side of the market including:
   1. Describe the major firms in the market.
      1. Hints: cellphone market: Apple Inc., Samsung

• The major determinates of supply for the major product. Explain your choice of variable.

4. Government involvement regarding this market
   1. Hints: First check whether the regulation, like price ceiling or price floor exists in the market.
5. Any other current events affecting your market.

• General instructions for all pages of the paper.
  6. One inch margins for top, bottom, left and right margins.
  7. Use Times New Roman #12 font.
  8. Cite using the APA style manual.
     1. https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_style_introd html
  9. The body of the paper must be approximately 2000 words.
  10. Double space in the body of the paper.
  11. The paper will be submitted via Blackboard.
  12. Number pages in bottom, centered. No number on cover page. Page one is where the body of the paper starts.
  13. All papers will have a cover page, abstract page, the body and the reference list.
• Cover page.
  14. Line 6: Chosen market listed. Centered on page.
  15. Line 12: ECON 1902, Spring 2021
  16. Line 14: Your name
  17. Line 16: Date
• Body
  18. Approximately 2000 words.
  19. Cite all referenced material. Include page numbers for quoted material.

Final Paper Grading Rubric

Completeness 10-0 points (are all required components and effort present?)

Understanding 20-0 points (defining the basic properties of the demand and supply model.)

Analysis 40-0 points (applying the basic properties of the supply and demand model.)

Research 10-0 points (how many sources were used? What is the quality of the sources?)

Writing Mechanics 10-0 points (spelling, grammar and structure of the paper.)

APA Style Guide (10-0 points) (was the APA style used properly?)

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