Current event economics

Current event economics

Current Event Journal Format

Prepare a current event journal analyzing a recent news article (within last six months) that addresses one of the topics we have discussed in Unit 4.

A 500-700 word (double-spaced) typewritten journal entry shall accompany the article. Each journal entry must: (1) summarize the article; (2) identify and define the economic concepts in the article; (3) apply the economic concept and analyze the facts presented in the article relying on those concepts; (4) the article must have been published within the last 6 months; and (5) cite the article using an appropriate academic citation style.

Use the following template to fulfill the requirements:

I. Summary of Article

I want to know what the article is discussing. This should be a brief summary but enough to explain the important aspects of the article (e.g., who, what, where, why, when, how).

II. Identify Issue

After summarizing the article, you’ll need to identify and define the economic concept that is addressed in the article. If the article references an economic term or theory, define all the relevant terms. If you’re discussing an article that does not explicitly discuss an economic issue, identify the economic theory and define all relevant terms. [The best source for definitions is our text].

Be sure to use an economic concept or theory discussed in this unit. Here is the list of concepts that we discussed in this unit.

III. Application

After you’ve summarized the article and identified and explained the economic concept(s), you’ll need to apply the concept(s) and analyze the article relying on the concept(s). In order to successfully complete this portion of the journal, you should specifically show how the economic concepts/theories help explain the events in the article. You may also wish to show whether the economic theory predicts how the future events will unfold. Additionally, you may (but are not required) utilize any of the models/graphs discussed in this unit to help apply the concepts to the article