Research and select one article published within the pastyear that discusses an economics issue from a listprovided and explain the economics of the article. Thearticle may be obtained from a major business oreconomics journal, magazine, or newspaper (TheEconomist, Wall Street Journal, Businessweek, Times,Fortune, etc.). Using your own words as much as possible,explain the main points being made by the article's author,the economic principles used by the author to supporthis/her argument, and the implications of the story. To dothis, you will be applying some of the key economicsconcepts you have learned in the course to explain themeaning and relevance of the economics story toindividuals, firms, and/or industry. Topics to be coveredSupply, demand, and equilibrium market price, Elasticity,Specialization and trade.

Description In this assignment, you will 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 a list provided 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, explain the main points being made by the article's author, the economic principles used by the author to support his/her argument, and the implications of the story. To do this, you will be applying some of the key economics concepts you have learned in the course to explain the meaning and relevance of the economics story to individuals, rms, and/or industry. Objectives . To identify key economic issues in real world scenarios affecting individuals, households, and rms. . To apply the appropriate economic concepts and principles to understand, explain, and interpret the decisions made and actions taken by the main economic agents. - To evaluate and reect on the implications of changes in economic conditions on the behavior and decisions of households and rms. Required Materials Hutchinson, E. (2017). Principles of microeconomics. University of Victoria. httpszllpressbooks.bccampus.ca/uvicecon1 03/ Recently published Business/Economic journal articles from Yorkville University Library or other academically credible online source. Major Topics Covered Supply, demand, and equilibrium market price Elasticity Specialization and trade Consumer behaviour Production in the short and long run periods Competitive markets Monopoly, cartels, and price discrimination Another topic related to microeconomics