Identify a market where you believe there is an externality (whether positive or negative). Discuss the externality, who the externality is impacting and why this externality is an issue for the market. How might these externalities be "internalized?" Suggest potential solutions (like those discussed in Ch 10) to the externality and identify which solution you think is best option. Explain why. Use your researched sources to support your opinion.

1. Introduce your topic. What will you being talking about in the journal? Why did you choose the topic (if one is not assigned)? How much did you know about this topic prior to researching for your journal?
2. Details: Provide more details on the topic. This is where you should start referencing your sources as you describe the economic issue that you are discussing and laying out the points you want to focus on during your journal.
3. Which economic principles or theories applies to your topic. Why? Reference any sources you use.
4. Opinion/thoughts: Give your opinion on the topic. Explain why you feel this way.Reference any sources that you specifically discuss. Did your original opinion change after researching the topic?
5. Wrap it up. End your journal with a statement of your final thoughts.
6. At the end of your journal, you should provide references for your source materials.