The paper should include the factual basis for the article/video/etc, the microeconomic addressed (or implied) in the piece, the outcome or predicted outcome, and anything else you feel is relevant. I need to cover basic economic principles learned in my course such as: Suppy and Demand, Consumer and producer surplus, elasity, price control, basic economic principles, economic trade offs, quotas, supply curve, and perfect competition to analyze a current event that is in the news.
Select a current article from a newspaper, magazine, the Internet, or other source to analyze .
I chose: Health care costs rise by most in 32 years
By Patrick Gillespie September 16, 2016 11:34AM EDT (CNN.money)