Choose a country and monitor what is going on in the economy. Are there people protesting and why? Is the country facing bankruptcy and why? Is it running a trade surplus or a trade deficit and why? This assignment will give you the chance to cover a current economic event and apply the concepts in micro and macro. USE WALL STREET JOURNAL ARTICLES. Some examples that might be interesting:
Price floor (minimum wage) in the U.S.
Price ceiling (rent control) in Germany
Inflation in Lebanon
Recession in XYZ
Market failure (externalities, monopolies, etc.)
The write up should include: Current Economic Event Concepts in Micro and Macro
What event you are covering and why
Link to the WSJ article
The economic concept/model/theory you are applying
A short description of the concept/model/theory
Your understanding of this concept/model/theory
A brief explanation of what is going on in the country, the policy being implemented, a cost (if any) and benefit (if any) analysis, and an overall analysis of whether you agree or disagree with the policies being implemented. Current Economic Event Concepts in Micro and Macro
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