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Your Challenge: 1) Identify a current federal, state, or local public

by | Jun 22, 2022 | Economics

 

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Your Challenge:
1) Identify a current federal, state, or local public policy issue that: (a) interests you and (b) allows you to apply microeconomic reasoning.
You may write about an issue that has been discussed in class if you address the issue in greater depth or in a new direction.
2) Research your issue to familiarize yourself with the major policy and microeconomic arguments that relate to your issue.
3) Apply at least two microeconomic concepts studied in class such as incentives, marginal thinking and sunk costs, opportunity cost, elasticity, competition, externalities, public or common property goods, efficiency, poverty and/or equity, etc., to develop a policy position regarding your issue.
4) Identify your target audience and advocate for your position.
Examples of Public Policy Topics:
Traffic Control, Gas or Other Product Taxes, Education Reform, Crime Deterrence, Pollution Control, Poverty and Inequality, Price Control Policies, Safety Regulation, Drug Policy, Health Care Reform, Social Security Reform, Farm Subsidies, Protection of Species, Funding for a Public Good
What to Submit:
The product of this assignment is an original one or two page (less than 750 words) persuasive policy memo or editorial. The memo or editorial should be addressed to a specific real-world audience (e.g. a particular politician, newspaper, etc.). It should include a statement of the policy issue, your microeconomic argument (in language appropriate for your audience), and evidence to support your recommendation (e.g. a statistical finding that supports your proposal, a quote from a prominent economist, or other evidence). Read and cite at least two and preferably three sources other than your Openstax textbook. Provide full citations (title, date of publication, name of publication) and online links to your source.
Please…Please…use the concept mentionned in the 5 Power Points slides i attached otherwise i will have a bad grade

 

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