Purpose: The goal of this assignment is to apply economic knowledge and theory acquired in the classroom to everyday scenarios in the real world. Alternatively, you have the opportunity to learn more about economists whose research is a central component of current theory. Average length 2-3 pages. In your paper please include: Problem statement How it relates to economic theory/Key contributions Graphs and/or statistics Conclusion Citation: Cite your sources using MLA or APA citation style. Sample Topics: News Stories o Market (earnings reports, economic indicators, housing market, trade war, etc.) o Policies (Federal Reserve, environmental regulation, propositions (state/city), etc.) Freakonomics: collection of stories applying economic theory to diverse topics in pop culture o Report of covered story/article Economic Policy o NAFTA, USMCA, Clear Air Act, Clean Water Act, Fiscal Policies Game Theory Behavioral Economics Foreign Economies: report on a foreign economy, key characteristics (include statistics on key imports and exports, natural resources and main industries, GDP, etc.) Reciiepnts of the Nobel Prize in Economics Economists:

o John Nash o Adam Smith o John Maynard Keynes o David Ricardo o John Hicks o Kenneth Arrow