Application Paper

Description

The application research paper is for you to demonstrate that you can apply the knowledge you learned in this course.  You will be asked to identify an economic concept and principle from the list below and show how it is being used by or the affect that it has on a publicly traded company.  It is important to use a publicly traded company because of the publicly available information and data (i.e. research) about the company.  The papers are limited to 2 pages not including references (single spaced and 12 point font).  Each application research paper should have at least three references.  The paper will be graded on your ability to show how this publicly traded company is being affected by the economic concept or principle or how they are using this economic concept or principle to their advantage.  You will need to support this in your paper and have references. Economic Principles and Concepts that can be used for Application Research Paper #2: Market Failures and Externalities Functions of Government and their impact on companies Public Spending  Theory of Public Choice Price Elasticity Determinants of Price Elasticity Cross Price and Income Elasticities of Demand Utility Theory Optimizing Consumption Choices Behavioral Economics and Consumer Choice Theory