Question
Topic: Looking around: Economic Theory as Evidenced in a Current Affairs News Article Description: In this reflection (if you are unsure what a reflection is,click
Topic:Looking around: Economic Theory as Evidenced in a Current Affairs News Article
Description:In this reflection (if you are unsure what a reflection is,click this linkorhttps://student.unsw.edu.au/reflective-writing) These instructions are to be used for all reflection assignments-if you are submitting two reflections during the term, then use these instructions for both, but use two different articles.
You are to"connect" some practical issue or situationthat you find in a current affairs news article and reflect as to how the issue is related to any of the economic theories we have taken in class. (i.e. Production Possibility/Gains from Trade/Circular Flow Model/Demand and Supply etc.)
The article must be Canadian based (or have a Canadian connection) and published within maximum three months of the due date of the assignment. If you are unsure what a current affairs article is,"Google"it. Read the article and address the following questions/discussion points:
- What, in the article, provides evidence of the economic theory we have studied-what is the connection between the article and the theory? Be specific-for example, it is not enough to say demand increases-if demand is increasing, is it because of expectations, income increase, etc.; or if elasticity changes, is the good elastic or inelastic? Being vague in your explanation will only get average marks.
- How does the article provide you with clarity on understanding of the theoretical concepts.
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