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As noted in the syllabus there are two projects for this course. This handout will provide more information on the group micro project. For this
As noted in the syllabus there are two projects for this course. This handout will provide more information on the group micro project. For this project you will work in groups of 3 individuals. (NOTE: we currently have 31 individuals registered for class, so one group can have 4 individuals). At the beginning of the semester you will have the opportunity to select a group or have me assign you to a group. The purposes of this assignment are for you to utilize the tools we have learned in Micro Economics to analyze the impact on price and output of various factors, and to analyze the market structure of a good or service. In addition, it is an opportunity for group teamwork and collaboration and for developing and showcasing communication skills. Once you have selected your group, find a recent article or articles (Since March of this year) that discuss an industry or firm and a change in a demand and/or supply side factor or factors affecting that industry or firm (for example, the auto industry and rising cost of inputs; local housing market and rising interest rates; Peloton and change in consumer tastes). Of course you can have more
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