Explain one or more economic principles of Economics in a short newspaper, magazine or journal article.
In this 2-3 page paper, your mission is to explain one or more economic principles (see list in Chapter 1) (10 principles of Economics) in a short newspaper, magazine or journal article. Use The Wall Street Journal, The Economist, Business Week, The New York Times, or similarly credible publication. Do not use multiple sources! Your article must be recentthe last 3 months. Do not use advertisements, editorials, opinions, blogs, wikis, or ask about style Websites as your source article. This must be a newspaper, magazine, or journal article. Online newspapers and magazine are acceptable.
This is NOT a research paper. You are simply demonstrating, in writing, that you can recognize economic principles in the real world, synthesize the concept, and apply it. Do NOT just summarize the article. Tell how the story/article demonstrates an economic principle. Examples: How does the article illustrate tradeoffs? Incentives? Inflation/unemployment tradeoff? If you discuss a subtopic, such as efficiency vs equality, you must explain how it is related to the principle “People Face Tradeoffs.”
The article can be about any topic. You are expected to tie together the real world and some economic principle(s) for this paper.
Do NOT use the word I. Write this as you would a business presentation/paper. Think about how a newspaper article is written or your textbook is writtenthey rarely use the words I, me, my, or we. Write in the third person. Do Not use contractions or slang.
Your paper should be two to three typed, double-spaced pages–three pages maximum. Margins cannot be greater than one-inch wide. Use 10 or 12 font size, nothing bigger, nothing smaller. Use Times New Roman, Arial, or Courier, nothing fancy, such as script. It is just too difficult to read. You may use a graph, but it is not required. Cautionif you use a graph, be sure to fully label it. The Works Cited should be in APA style.
You MUST have at least five paragraphs that follow standard English-class conventions for a paper. An introductory paragraph with a thesis sentence.
1. INTRODUCTION paragraph with a thesis sentence
–Three main points (at least) WHICH SUPPORT THE STATED PRINCIPLE(S)
2. Main Point-1 Paragraph
–The first of your main points in 1, above.
3. Main 1. Point-2 Paragraph.
–The second of your main points in 1, above
4 Main Point-3 Paragraph
–The third of your main points in.1, above
5. Paragraph nif you had more than three main points, you should address each in a paragraph.
6. Closing Paragraph
–Twofive sentences that provide a summary and include the economic principle (s) and a brief discussion of the supporting details
Do NOT put anything new hereif you do, it is not a summary!
Be sure to review the grading rubric included below. It explains exactly how your paper will be scored.
Plagiarism will not be tolerated. You have been taught in high school and college English composition classes, how to avoid plagiarism so be sure to avoid it.
This assignment is worth 100 points. It is worth this many points for two reasons. First, it is a synthesis skill. You must understand a concept, synthesize it, and apply it. That skill takes work and thinking. The other reason that it has a high point value is that writing is a critical business skill. In grading these, I will compare your paper to the original article to make sure that only the article information is included for support details.
You may turn your paper in ANY time before the due date. I suggest presenting the article and your outline of the three points to me for early approval.
The pages of your assignment should be in the following order when you turn it in:
Grading rubric (below)
Your paper (and Stone Writing Center comments)
Your source article a full copy of just the article, NOT the whole newspaper or the whole magazine. In addition, you may also send a link to the article if you wish. (see Permalinks in the Library Resource section on the front page; subscriptions papers and current periodicals often block or remove articles after a period of time so you need to use the correct link).
Works cited (APA style) (you may add this after 4 blank lines in your paper.)
Economic Analysis Paper-Grading Rubric
Follow directions/Writing50 points (-10 for no Stone Writing Center)
1. 1. Order of submitted assignment correct?
2. 2. Attached the article? Y or N . (10 pts)
3. 3. Rubric attached? Y or N .(5 pts)
4. 4. Used just one source?
5. 5. Font/margins OK?
6. 6. Length does not exceed three pages? (Subtract 6 points for every page over limit.)
7. 7. Double spaced?
8. 8. Cited the source? (5 pts)
9. 9. Used I, me, my, or we? Subtract 1 point for each use.
10. 10. Graph, if included, properly labeled? Subtract 1 point for each/any label(s) missing.
11. 11. Spelling, grammar, or capitalization errors? Sentence structure errors (incomplete sentences, run-on sentences, fragments, non-parallel structure, contractions)? Subtract 1 point for each error.
12. 12. Includes an introduction, with a thesis statement, to at least three main points? [Well organized – None 0 points)]
13. 13. Includes a paragraph in the body to support each of the main points outlined in the introductory paragraph? [Well organized – None 0 points) ] Subtract 10 points for each missing paragraph.
14. 14. Includes a conclusion that restates the main ideas? It does NOT introduce anything new. [Well organized – None 0 points)]
Critical Evaluation50 points (parts 1 and 2 of this section are graded together)
1. Was some economic principle/model applied to the real world?
Well thought out, clearly presented and logical
Clearly tied the article back to an economic topic/concept
Reasonably well presented and organized
Somewhat tied the article back to an economic topic/concept
Not clearly presented, no logical progression of information
Did not tie article back to economics
2. Was the analysis economically sound/correct?
Correct application of economics ideas–no errors Mostly correct Serious economic errors