The Economic Concept

Select at least three news articles that discuss the economics paper concept that you chose as a topic for your term paper.

The Economic Concept: At least one news article should be dated within the previous two months.
Please note that the goal of this assignment is to read, understand, and discuss recent news using microeconomic terminology.

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The articles should be from an online newspaper or magazine. Materials posted on educational websites, like www.thebalance.com,  www.khanacademy.org, and so on, are not considered news articles even if they were recently updated and content material related to the term paper topic.

The Term paper should have the following structure:
Abstract (0.5 of a page) – the short description of the concepts, problems, questions discussed in the Term paper.
Introduction (0.5 of a page) (optional)
Literature Review (about 2 pages) – please compare and contrast the opinions of the authors of the articles, present the important information, data, statistics to support your conclusions. It is important that the Literature review is written in your own words with small quotes from the article. All quotes must have references in accordance with the 7th Edition APA Style.
Discussion (about 2 pages) – Your task for this part of the Term paper is to analyze the issue described in the articles using the economic concepts and theory learned in this class. Refer to the course content materials and use specific economic vocabulary within your term paper. The articles you choose may not use these exact terms; therefore, it is incumbent upon you to convert the article language into economic language as is appropriate. Include at least one graph developed in our course.
Conclusion (0.5 of a page)

The Term paper should be the title page and sub-titles that correspond to the structure described above.
Please note the Term paper should be written in your own words. You can use short quotes from the article(s) to support your statements. However, the size of these quotes should be reduced to a minimum. No more than 20% of the text of the term paper should be made up of quotes. (less is better!!!).
Please also avoid copying the materials from any textbooks, including our textbook.
Please be aware that Wikipedia, Investopedia, and other online dictionaries and encyclopedias are not verifiable sources of reliable information, and should not be used in the Term paper. Acceptable sources of the information are research papers, newspaper articles, and books.
Please note that this is the course of microeconomics, so you should choose the concepts related to microeconomics (not macroeconomics).
Possible concepts include:
taxes and consumer or producer surplus
elasticity on a particular product
perfect competition
imperfect competition, such as monopolies
monopolistic competition
oligopoly
labor market,
wage determination
income inequality
poverty and public policy
another topic selected by the professor
Format of the Paper:
Written projects:
Must be typed, double-spaced, in 12-point Times New Roman or Arial font, with one-inch margins
Must have the title page in APA-7th style
Must have in-text citations in APA-7th edition style
Must have a reference list in APA-7th edition style. Please note that you must reference the data you are using for the project
Must be prepared using word processing software (Microsoft Word preferred)
The Term Paper must be posted to the LEO Student Assignments as Attachments are limited to a maximum of two files in doc, Docx., xls. XLIX., or RTF. formats. OTHER FORMATS ARE NOT ACCEPTABLE, will not be reviewed or graded.

The Term Paper should be about 4-5 or more double-spaced typewritten pages (plus tables and graphs)
Please note that hand-written and scanned works, pdf. files, jpg. files, as well as files posted in google drive, will not be accepted or graded.
Please note that starting from the Fall 2020 semester the UMGC moved to the 7th Edition of the APA Style. The links to the 7th Edition of the APA Style methodology are posted in Content – Course Resources – Writing Resources.
Please note that Use of 7th Edition APA Citation Methodology is required for the assignment
The links to APA citation methodology are posted in Content – Course Resources – Writing Resources.

In accordance with the UMUC Academic Policy, notes taken for papers and research projects should accurately record sources of material to be cited, appropriately quoted, or summarized, and papers and research projects should acknowledge these sources in the appropriate places in the text of the paper as well as in a reference list at the end of the paper, in accordance with accepted citation practices.
All works must be Word processed. Handwritten and scanned work will not be accepted and graded.

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