Please research a local economic problem from anywhere in California
Identify a problem and describe it in economic terms. Do you have to make a choice that could benefit from some economic analysis? Is the free market failing to fulfill society’s needs in some way? Is there a problem being created by outside intervention? There are some examples at the bottom of the page.
Describe the current situation:
-Description / Summary of the situation (about 200 words)
Economic Analysis:
-Using economic terms:
--Look at the attached resources for economic terms to incorporate.
Potential Responses:
-Analyze and evaluate 2 potential responses to the problem. (about 2 pages)
-Describe using words and diagrams the impact of each solution
Evaluate the impact of each solution on stakeholders (consumers, producers, third parties, government, society)
Conclusion:
-Identify the solution you support based on your analysis and evaluation. (about 300 words)
Appendices
Include links to or copies of news articles that describe the situation.
If the situation you identify is local or school based, include photographs or interviews.
Examples (Do not use these! Please use a problem from California):
Water safety in East Africa: http://www.water.betterplace.org/ws_casestudy_kenyaruralwater.html (Links to an external site.)
Ebolanomics – Ebola has been around since 1976 so why haven’t drugs been developed? http://www.newyorker.com/magazine/2014/08/25/ebolanomics (Links to an external site.)
Too much paper is being used in my school. What can we do?
Declining fish stocks in the Mediterranean: http://www.sciencedaily.com/releases/2014/07/140710130854.htm (Links to an external site.)
Copenhagen’s problem with bicycles: http://www.bbc.com/news/magazine-29601069 (Links to an external site.)
Traffic congestion… http://www.forbes.com/sites/jimgorzelany/2013/04/25/the-worlds-most-traffic-congested-cities/ (Links to an external site.)