GOAL:This assignment highlights how economic theories and principles help us understand real world events.

ASSIGNMENT:Select a news article that illustrates a topic from the course. You may address topics that have not been covered yet, but you will need to do extra work to explain how the article relates to that topic.

Prepare and deliver a brief presentation (maximum 5 minutes) summarizing the article and explaining how it relates to the economic topic. There will be an opportunity for discussion immediately following each presentation.

NOTE: article from March 2024 to today

Topic: - Identify the four market structures and the main differences among them

- Perfect competition in short run and long run

- Monopoly and imperfect competition

- Short run output and the law of diminishing returns

- Average, marginal, and total costs

- Long run costs and returns to scale

GUIDELINES:

1. Introduction (3 marks) Begin your presentation by introducing yourself and giving the audience a few facts about yourself. Provide the title of the article and, if it's not obvious from the title, include a 1-sentence summary of what it is about. Briefly explain why you picked that particular article.
2. Credibility of the source and professionalism (3 marks)

Identify the source of the article and evaluate the credibility of the source. What makes the information reliable (or not)? Your opinion should be supported with external facts and data.

You should have your camera on during your presentation. Practice your presentation and test any functions you plan to use beforehand to make sure everything runs smoothly.

1. Summary of the article (3 marks) Summarize the key points of the article. What is the main point? What supporting or opposing information is provided? Is there any background information that helps readers to understand the situation? Include enough information so that your audience can grasp the point of the article but be mindful of the 5-minute time limit.
2. Economic topic (3 marks) Identify the economic theory, tool, or principle that your article relates to. Briefly (in one or two sentences) explain the theory or principle and show how it furthers your understanding of the situation or event described in the article. Include any further explanations or predictions you can make, based on your understanding of economics.