Project #156315 - Microeconomics paper

Business Tutors

Subject Business
Due By (Pacific Time) 11/28/2016 12:00 am

A Term Paper will be required of all students.  It is to be turned in at the beginning of class on November 29, 2016 (Week 7). This paper is 20% of your total grade.  It must be typed, and may be single or double-spaced.  It is to be approximately 750 words.  This counts as 20% of your grade.

 

What I am looking for is economic reasoning, and a demonstration that you are applying microeconomic principles in a way that demonstrates understanding.  But I will remember that this is an introductory course.  This is not a graduate paper, but I definitely do expect it to be at a collegiate level.  Needless to say, plagiarism will not be tolerated.  Grammar and spelling do count.  Late papers will result in a 10-point grade reduction.

 

Papers must be in APA format.  This format can be found at owl.english.purdue.edu.   Another way is to Google Purdue OWL, then go to their Online Writing Lab.  During the first class, I will also pass out a sample format.   

 

Following are suggested topics.  If you see one that’s “close” to what you really want to write about, drop me a short note proposing a variation.  I will approve almost all of them.

 

SUGGESTED TOPICS

1.  You plan to open a sandwich shop in Jacksonville.  Analyze (list) what you will need as far as equipment and dining room supplies.  Include all supplies, to include napkins, etc.  Your rent is $2,000 a month, and the landlord require a $3,000 security deposit in advance.  Your menu will include only sandwiches (white, wheat and rye toast, white and wheat subs, or pitas).  This will include turkey, ham, roast beef, salami, and pastrami, as well as breakfast sandwiches (eggs, cheese, bacon, ham & sausage).  You also serve French fries.  For cheese, you’ll need as a minimum American, Swiss and Provolone.  You’ll do dine-in as well as take-out.  Research what licenses you’ll need and their cost.  Consider utility deposits.  Estimate how much money you’ll need to open up the sandwich shop, which seats 40 people.  Consider how much money you’ll need in reserve to pay at least the first month’s employee pay and taxes.  Note that there is no one correct answer.  What’s important is your analysis process and research.

 

2.  Analyze the market for American automobiles.  This industry is an “oligopoly”.  What are the current market factors, in your opinion, that drive what types of cars will sell best at this point in time?  What are the factors that would go into the “ideal” car for 2015?  Compare how American cars embody these attributes, and how foreign cars currently on the market stack up in the same attributes.  

 

3.  Obamacare:  A good idea or a great idea?  Or a terrible idea?  Use economic analysis, not emotion or politics, to arrive at a conclusion.  Include some analysis of Jonathan Gruber’s speeches on the subject.

 

4.  Go back to Question #1 above.  As an alternate, choose another business instead of a sandwich shop (perhaps a business which you personally think you might like to open some day).  Use the same rent and deposit information as above, but tailor the other questions to your chosen business.

 

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