(1) Identify a current federal, state, or local public policy issue that: allows you to apply microeconomic reasoning.

(2) Research your issue to familiarize yourself with the major policy and microeconomic arguments that relate to your issue.

(3) Apply at least one microeconomic concept such as incentives, marginal thinking and sunk costs, opportunity cost, elasticity, competition, externalities, public or common property goods, efficiency, poverty and/or equity, etc., to develop a policy position regarding your issue.

(4) Identify your target audience and advocate for your position.