ECON101 UPENN Adversity In Career Choice Influence Of Opportunity Costs

ECON101 UPENN Adversity In Career Choice Influence Of Opportunity Costs

The paper can cover any topic in economics that you choose . However the topic you choose got to be from the options listed below:

1. Opportunity cost

2. Interdependence and the Gains from Trade( Absolute advantage, comparative advantage etc…)

3.How Markets Work: Supply and Demand Analysis

4.Price ceiling/Price floors

5. Elasticity

6. International Trade (import, export, Effects of tariff, winners and losers from trade etc..).

The premise of the paper is to pick a real-world situation or pop culture reference and explain how some topic of economics listed below relates to that subject. It can be anything. The purpose of the paper is to simply show that you understand an economic concept and how it applies in a real world situation. I attached a really good example on how the paper should look like so please check it out before you start writing the paper. One last important thing I want to mention is that once you have chosen your topic, the whole paper shouldn’t be on that one topic, you would have to incorporate at least one or two other topics from the list above that also relate to the real life situation you have chosen as you go further in the paper. However, please don’t forget that the main focus of the paper should still be on the first topic you have chosen. On the example I attached you can see that the main topic of the paper is opportunity cost but the paper also talks about taxes as you go further.

Finally, at least 4 citations are needed for the paper.

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