You are to “connect” some practical issue or situation that 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. If you are in MICROeconomics, then
the reflection must be microeconomics based. If you are in macroeconomics, then macroeconomics based. If you use
an article that is based on the other course it will get a be severely penalized, so make sure you understand what the
article is about. 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.
Sample Solution