Economic Concepts Research Paper

The purpose of the research paper is for you to employ economic concepts (scarcity, opportunity cost, comparative advantage, supply and demand, price signals, diminishing returns, marginal utility, competition, monopoly, labor markets, income distribution, externalities, public goods, and many other) in a practical way to a business or social issue, bridging the gap between theory and practice. The research paper should clearly incorporate the economic analysis and topics of discussion covered in both the textbook and the workshops (as they pertain to the topic of research). You should attempt to see business and social issues through the lens of economic logic. The conclusions should reflect a deeper economic way of thinking. Divide your research paper into six specific sections as follows: Introduction: Topic, statement of problem to be discussed. Objectives: Thesis statement, what is the goal of the essay? Method: The research method used: case study, books and newspaper or magazine articles, personal statistical research, or previously conducted statistical surveys. Findings and Observations: Data, facts ascertained, what did you discover? Conclusions: Interpretation, analysis of findings, arguments, personal comments and you informed opinions. Documentation: works cited, reference page. Sections 1, 2, and 3 (Introduction, Objectives, and Method) should not consume more than one or two pages of the final draft. The bulk of the research and writing should be concentrated in the fourth and fifth sections where discussion should occur, evaluation of theories should be conducted, and conclusions may be drawn.

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