ASSIGNMENT INSTRUCTIONS:
Pick up any newspaper or news magazine; turn on any television news program and you will likely hear highly polarized discussions about the state of the American economy. Most commentators state their opinions and conclusions as if they were fact – but are they? Can they be taken at face value?
The purpose of this assignment is to provide an opportunity for you to flex your microeconomic muscles and more deeply analyze a microeconomic (problem/issue) of your choice. This assignment is more than simply a journal article review. The expectation is that you exercise your critical-thinking skills to critically analyze evidence and assumptions to formulate informed judgements as you prepare a proposed solution to an economic problem/issue.
You should imagine that you are an economic advisor to a federal, state, or local decisionmaker. This decisionmaker could be in the federal, state, or local government (i.e. City Council, County Economic Council, a State or Federal level Representative or Senator, the Governor, or even the President) – OR – the decisionmaker could be a leader in the private sector.
Once you determine what decisionmaker you wish to advise, you must select a microeconomic problem/issue of your choice that would affect the sector of the economy that your decisionmaker is responsible for. You should take a position on your problem/issue. You do not want to be wishy-washy when you advise your decisionmaker. Some potential problems/issues and positions might be: (1) Raising the federal minimum wage will stimulate consumer spending, help businesses’ bottom lines, and grow the economy. A modest increase would improve worker productivity, and reduce employee turnover and absenteeism (Scott, 2019: 2024 – Online Assignment Homework Writing Help Service By Expert Research Writers), or (2) Rent ceilings should be abolished. While they help housing affordability in the short run for current tenants, they decrease affordability and availability in the long run (Diamond, 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online). A word of caution as you prepare your report for your decisionmaker – consider that (1) every action has a reaction and (2) there is always the risk of unintended consequences of your actions. So, you will need to dig deep to look for these potential issues.
You should then find at least 3 sources (textbooks, articles, government reports, etc.) that are no more than 3 years old, from reputable economic sources (peer-review journals, the Wall Street Journal, government websites, etc.) that relate to your microeconomic problem/issue). You must analyze the information and data your research reveals and formulate and present evidence-based conclusion and judgments to make a recommendation on a course of action that you want your decisionmaker to pursue.
Your paper needs to be in your own words and be in Ace homework tutors – APA format with proper in-text citations and references. In addition, the paper should:
Be two to three pages long not including the title page and reference page(s)
Be typewritten in Georgia or Times New Roman 12-Point font
Get custom essay samples and course-specific study resources via course hero homework for you service – Include a Title Page, Running Head, Headers on subsequent pages, page numbers on all pages, and reference page(s). You DO NOT need an abstract.
The paper should include (1) a brief introduction discussing the problem/issue) you chose and its economic impact, (2) the body which presents the problem/issue in more detail and introduces the evidence you have gathered and supports your proposed recommendation, and (3) a conclusion or summary that includes the recommendation you will make to
your decisionmaker.
MY TOPIC:
Who did you choose as your decision maker?
I chose my decision maker as an owner of a Plastic Surgery Office (private sector).
What topic (issue) will you advise your decision maker on?
Whether or not Plastic Surgeons should be allowing elective surgeries during a global pandemic.
What is your position on the topic (issue) you chose?
My position on the topic is that if CDC guidelines are followed, elective surgeries should be allowed. If Plastic Surgeons offices were to close, it would result in an increase in unemployment and it would also have a huge impact on supply and demand.
