Elasticity of gasoline
Econ 203 Case Study/Project
Due Date: April 12, 2015
Select a news article dated within the previous two months or within year 2014.
1. Clearly summarize the issue presented in the article.
2. Analyze the issue using the economic concepts and theory learned in our class.
3. Use additional references to back up your arguments if appropriate.
4. Include at least one graph developed in the course. Charts and tables are also encouraged.
Possible concepts include:
• taxes and consumer or producer surplus (Ch 3, Week 2)
• demand, supply, and equilibrium price of a particular product (Ch 3, Week 2)
• elasticity on a particular product (Ch 5, Week 2)
• perfect competition and imperfect competition, such as monopolies (Chps 8-11, Weeks 4-5)
• labor market, wages, and income inequality (Ch 14, Week 7)
• poverty and public policy (Very small part of Ch 14, Week 7)
• pricing and competition in the high tech sector (Google, Apple, Microsoft, Cell phone providers)
Your paper should:
• be a total of 800 to 1200 words,
• include a bibliography with at least three references, presented in APA style,
• have been spell-checked and grammar-checked using Word’s review utility.
Grading Rubric for Article Analysis
Item Percent of total
• Accuracy/clarity of summary (Question 1 above) 20%
• Critical thinking using economic principles (Question 2) 40%
• Research effort (Question 3 & 4) 20%
• Effective writing 10%
• Use of APA style in bibliography 10%
Please I prefer my to topic to be elasticity of gasoline but it can be elasticity on any product. And writer can also choose a topic on any of the above possible concepts
Possible concepts include:
• taxes and consumer or producer surplus (Ch 3, Week 2)
• demand, supply, and equilibrium price of a particular product (Ch 3, Week 2)
• elasticity on a particular product (Ch 5, Week 2)
• perfect competition and imperfect competition, such as monopolies (Chps 8-11, Weeks 4-5)
• labor market, wages, and income inequality (Ch 14, Week 7)
• poverty and public policy (Very small part of Ch 14, Week 7)
• pricing and competition in the high tech sector (Google, Apple, Microsoft, Cell phone providers).