! You must look at the PDF for grading rubuic and it include all information for
! You must look at the PDF for grading rubuic and it include all information for the paper !
This is a writting assignment that you can freely Choose your topic: You may pick your own or you can consult the short papers and newspaper articles on Possible topics include new taxes, tariffs, quotas, effects of disasters such as wars, innovations, price controls, California’s regulation of the egg market, social programs, and other new laws. Feel free to choose anything that interests you
Economic concepts: You must use economic concepts we’ve discussed in class such as (but not limited to):
• supply and demand analysis
• welfare measuresÂ
• income and substitution effectsÂ
• tax/subsidy incidence
• a consumer’s constrained choice set over two goods
• price floor or price ceilingÂ
• elasticity of demandÂ
• gainers and losers from the policy
• labor supplyÂ
• utility maximizationÂ
• production • costs
• externalities