In this assignment apply your economics knowledge to explain and interpret a recently published economics article. You will research and select one article published within the past year that discusses an economics issue from the list provided below and explain the economics of the article. The article may be obtained from a major business or economics journal, magazine or newspaper (The Economist, Wall Street Journal, Businessweek, Times, Fortune, etc.). Using your own words as much as possible, you will explain the main points being made by the article's author(s), the economic principles used by the author to support his/her argument, and the implications of the story. To you will be applying some of the key economics concepts you have learned in Chapters 1 - 11 of your textbook, to explain the meaning and relevance of the economics story to individuals, firms and/or industry.

• Identify key economic issues in real world scenarios affecting individuals, households and firms.
• Apply the appropriate economic concepts and principles to understand, explain and interpret the decisions made and actions taken by the main economic agents.
• Evaluate and reflect on the implications of changes in economic conditions on the behavior and decisions of households and firms.

Major Topics Covered in Chapters 1-11:

• Supply, demand and equilibrium market price
• Elasticity
• Price controls and market efficiency
• Consumer behaviour
• Production in the short and long run periods
• Competitive markets
• Monopoly, cartels and price discrimination
• Imperfect competition and strategic behaviour
• Price controls by government
• another topic related to microeconomics